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§ 991.1508. Exemption

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 XV. Risk Retention
40 P.S. § 991.1508
§ 991.1508. Exemption
Currentness
(a) A purchasing group and its insurer or insurers shall be subject to all applicable laws of this Commonwealth, except that the purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purchasing group, from any law that would do any of the following:
(1) Prohibit the establishment of a purchasing group.
(2) Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages or other matters.
(3) Prohibit a purchasing group or its members from purchasing insurance on a group basis described in paragraph (2).
(4) Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time.
(5) Require that a purchasing group must have a minimum number of members, common ownership or affiliation or a certain legal form.
(6) Require that a certain percentage of a purchasing group must obtain insurance on a group basis.
(7) Otherwise discriminate against a purchasing group or any of its members.
(b) An insurer shall be exempt from any laws of this Commonwealth which prohibits providing or offering to provide, to a purchasing group or its members, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages or other matters.

Credits

1921, May 17, P.L. 682, No. 284, art. XV, § 1508, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days.
40 P.S. § 991.1508, PA ST 40 P.S. § 991.1508
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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