PRIOR PRINTER'S NO. 1434
PRINTER'S NO. 1449
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1031
Session of
2018
INTRODUCED BY LAUGHLIN AND WHITE, JANUARY 26, 2018
SENATOR WHITE, BANKING AND INSURANCE, AS AMENDED,
JANUARY 30, 2018
AN ACT
Amending the act of May 17, 1921 (P.L.789, No.285), entitled "An
act relating to insurance; establishing an insurance
department; and amending, revising, and consolidating the law
relating to the licensing, qualification, regulation,
examination, suspension, and dissolution of insurance
companies, Lloyds associations, reciprocal and inter-
insurance exchanges, and certain societies and orders, the
examination and regulation of fire insurance rating bureaus,
and the licensing and regulation of insurance agents and
brokers; the service of legal process upon foreign insurance
companies, associations or exchanges; providing penalties,
and repealing existing laws," in examinations, further
providing for purpose and providing for scheduling
conference, for budget estimate and revisions, for billing
invoices and for annual examination and analysis report.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 901 of the act of May 17, 1921 (P.L.789,
No.285), known as The Insurance Department Act of 1921, is
amended to read:
Section 901. Purpose.--The purpose of this article is to
provide an effective and efficient system for examining the
activities, operations, financial condition and affairs of all
persons transacting the business of insurance in this
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