§ 991.1511. Insurance company interest in purchasing groups doing business in this Commonwealth...
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 991.1511
§ 991.1511. Insurance company interest in purchasing groups doing business in this Commonwealth prohibited
No insurer or director, officer or employe of an insurer may have any interest in a purchasing group doing business in this Commonwealth. Prohibited interest includes, but is not limited to, soliciting members for the purchasing group and belonging to the purchasing group as a member, provided that nothing in this section will prohibit a purchasing group composed entirely of insurers or directors, officers or employes of insurers if coverage is obtained from a company not related to the group members.
Credits
1921, May 17, P.L. 682, No. 284, art. XV, § 1511, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days.
40 P.S. § 991.1511, PA ST 40 P.S. § 991.1511
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
| End of Document |