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§ 763. Penalties

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article VI. Casualty Insurance (Refs & Annos)
(b) Health and Accident Insurance (Refs & Annos)
40 P.S. § 763
§ 763. Penalties
Any company or other insurer, or any officer or agent thereof, which or who issues or delivers to any person in this Commonwealth any policy, or alters any written application for insurance, in violation of the provisions of subdivision (b) of this article,1 shall be guilty of a misdemeanor, and, upon conviction thereof, shall be sentenced to pay a fine of not more than three hundred dollars for each offense. The Insurance Commissioner may, in his discretion, take, against the offending party, any one or more of the following courses of action: (1) Revoke the license of any company, corporation, association, or other insurer of another State or country, or of the agent thereof, which or who violates any of said provisions; (2) impose a penalty of not more than one thousand dollars for each act of violation of any of the provisions of said subdivision (b) of this article. Before the Insurance Commissioner shall take any action as above set forth, he shall give written notice to the person, company, association, or exchange, accused of violating the law, stating specifically the nature of such alleged violation, and fixing a time and place, at least ten (10) days thereafter, when a hearing of the matter shall be held. After such hearing or upon failure of the accused to appear at such hearing, the Insurance Commissioner shall impose such of the above penalties as he deems advisable.

Credits

1921, May 17, P.L. 682, art. VI, § 628. Amended 1931, June 23, P.L. 904, § 1. Affected 1978, April 28, P.L. 202, No. 53, § 2(a)[1048], effective June 27, 1978.

Footnotes

40 P.S. §§ 751 (repealed), 752 to 753, 753.1 to 753.4 (transferred); see 40 P.S. §§ 771 to 774. 40 P.S. §§ 754 to 756, 756.1 (repealed); see 40 P.S. § 756.2 et seq. 40 P.S. §§ 756.2 to 761, 762 (repealed), 763 to 765, 766 (repealed); see 42 Pa.C.S.A. § 8124(c).
40 P.S. § 763, PA ST 40 P.S. § 763
Current through 2022 Regular Session Act 121. Some statute sections may be more current, see credits for details.
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