PRINTER'S NO. 3257
No. 2445 Session of 1988
INTRODUCED BY OLASZ, CLARK, IRVIS, TELEK, KOSINSKI, TIGUE,
JOHNSON, PETRARCA, GAMBLE, LaGROTTA, BELARDI, TRELLO, COLE,
MELIO, McCALL, YANDRISEVITS, STABACK, ACOSTA, HALUSKA,
RICHARDSON, FOX, MRKONIC, HOWLETT, KASUNIC, DeLUCA,
LETTERMAN, DOMBROWSKI, FEE, CAPPABIANCA, BLAUM, JAROLIN,
BELARDI, DUFFY, DAWIDA, LINTON, PRESTON, OLIVER, DONATUCCI,
CAWLEY, BATTISTO, SALOOM, DeWEESE AND LUCYK, MAY 9, 1988
REFERRED TO COMMITTEE ON INSURANCE, MAY 9, 1988
AN ACT
1 Amending the act of June 5, 1968 (P.L.140, No.78), entitled "An
2 act regulating the writing, cancellation of or refusal to
3 renew policies of automobile insurance; and imposing powers
4 and duties on the Insurance Commissioner therefor," mandating
5 a grace period for payment of premiums.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. The act of June 5, 1968 (P.L.140, No.78),
9 entitled "An act regulating the writing, cancellation of or
10 refusal to renew policies of automobile insurance; and imposing
11 powers and duties on the Insurance Commissioner therefor," is
12 amended by adding a section to read:
13 Section 4.2. Every policy of automobile insurance in effect
14 on the effective date of this section, and every policy of
15 automobile insurance written, or renewed after the effective
16 date of this section shall be construed to have a thirty-day
17 grace period within which the owner of the policy may pay his or
1 her premium. This thirty-day grace period shall commence on the
2 due date of the premium. No policy of automobile insurance may
3 be cancelled during the grace period and no insurer shall refuse
4 to issue or renew such a policy on the grounds that premium
5 payment was made during the grace period.
6 Section 2. This act shall take effect immediately.
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