PRINTER'S NO. 542
No. 427 Session of 1989
INTRODUCED BY RYBAK, MANDERINO, COLAFELLA, YANDRISEVITS, DURHAM, MICHLOVIC, LLOYD, CAWLEY, LaGROTTA, MELIO, COLAIZZO, MORRIS, LUCYK, FEE, JAROLIN, McCALL, BELFANTI, TRELLO, NAHILL, HARPER, BATTISTO, BELARDI, MICOZZIE, HALUSKA, E. Z. TAYLOR, PERZEL, LAUGHLIN, J. L. WRIGHT, BISHOP, CORNELL, SEMMEL, COHEN, SALOOM, RAYMOND, CIVERA, COLE, WOZNIAK, KUKOVICH, CALTAGIRONE, D. W. SNYDER, GRUITZA, RUDY AND McNALLY, FEBRUARY 14, 1989
REFERRED TO COMMITTEE ON INSURANCE, FEBRUARY 14, 1989
AN ACT 1 Amending the act of June 11, 1947 (P.L.538, No.246), entitled 2 "An act relating to the regulation of rates for insurance 3 which may be written by stock or mutual casualty insurance 4 companies, associations or exchanges, including fidelity, 5 surety and guaranty bonds and all other forms of motor 6 vehicle insurance, and title insurance; to rating and 7 advisory organizations; conferring on the Insurance 8 Commissioner the power and duty of supervising and regulating 9 persons, associations, companies and corporations, and of 10 enforcing the provisions of this act; prescribing and 11 regulating the practice and procedure before the 12 commissioner, and procedure for review by the courts; giving 13 the Court of Common Pleas of Dauphin County exclusive 14 jurisdiction over certain proceedings; prescribing penalties 15 and providing for enforcement thereof, and repealing 16 inconsistent acts," requiring insurers to file their 17 underwriting standards with the Insurance Commissioner. 18 The General Assembly of the Commonwealth of Pennsylvania 19 hereby enacts as follows: 20 Section 1. Section 4(a) of the act of June 11, 1947 21 (P.L.538, No.246), known as The Casualty and Surety Rate 22 Regulatory Act, is amended to read:
1 Section 4. Rate Filings. 2 (a) Every insurer shall file with the commissioner every 3 manual of classifications, rules and rates, all underwriting 4 standards, every rating plan and every modification of any of 5 the foregoing which it proposes to use. Every such filing shall 6 state the proposed effective date thereof and shall indicate the 7 character and extent of the coverage contemplated. When a filing 8 is not accompanied by the information upon which the insurer 9 supports such filing, and the commissioner does not have 10 sufficient information to determine whether such filing meets 11 the requirements of the act, he may require such insurer to 12 furnish the information upon which it supports such filing. Any 13 filing may be supported by (1) the experience or judgment of the 14 insurer or rating organization making the filing, (2) the 15 experience of other insurers or rating organizations, or (3) any 16 other factors which the insurer or rating organization deems 17 relevant. A filing and any supporting information shall be open 18 to public inspection after the filing becomes effective. 19 * * * 20 Section 2. This act shall take effect in 60 days. A11L40JAM/19890H0427B0542 - 2 -