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§ 991.1513. Administrative and procedural authority regarding risk retention groups and purchas...

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. § 991.1513
§ 991.1513. Administrative and procedural authority regarding risk retention groups and purchasing groups
The department is authorized to make use of any of the powers established under the insurance laws of this Commonwealth to enforce the laws of this Commonwealth not specifically preempted by the Risk Retention Amendments of 1986 (Public Law 99-563, 100 Stat. 3170), including the department's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties and seek injunctive relief. With regard to any investigation, administrative proceedings or litigation, the department may rely on the procedural laws of this Commonwealth. The injunctive authority of the department in regard to risk retention groups is restricted by the requirement that any injunction be issued by a court of competent jurisdiction.

Credits

1921, May 17, P.L. 682, No. 284, art. XV, § 1513, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days.
40 P.S. § 991.1513, PA ST 40 P.S. § 991.1513
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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