§ 3404. Return of unearned premium
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 3404
§ 3404. Return of unearned premium
(2) the policy was issued subject to a premium audit; the unearned premium shall be returned to the insured on an estimated basis. Upon the insurer's completion of computation of the exact premium to be returned, an additional return premium or charge shall be made to the named insured or insureds within 15 days of the final computation.
(e) Liability for fine.--For a period of 60 days from the effective date of this act, insurers failing to comply with subsection (a) shall not be subject to any fine under section 8(2)1.
Credits
1986, July 3, P.L. 396, No. 86, § 4, imd. effective.
Footnotes
40 P.S. § 3409(2).
40 P.S. § 3404, PA ST 40 P.S. § 3404
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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