H0504B0530A06211 SFR:JSL 03/27/18 #90 A06211
AMENDMENTS TO HOUSE BILL NO. 504
Sponsor: REPRESENTATIVE PICKETT
Printer's No. 530
Amend Bill, page 1, line 12, by inserting after "laws," "
in insurance producers, further providing for definitions and
Amend Bill, page 1, lines 16 through 19, by striking out all
of said lines and inserting
Section 1. The definition of "line of authority" in section
601-A of the act of May 17, 1921 (P.L.789, No.285), known as The
Insurance Department Act of 1921, is amended and the section is
amended by adding a definition to read:
Section 601-A. Definitions.
The following words and phrases when used in this article
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Limited line self-service storage facility insurance."
Insurance offered in connection with and incidental to the
rental of space at a self-service storage facility.
"Line of authority." The licensed ability to sell, solicit
or negotiate particular classes or types of insurance, including
the following:
(1) Life. Insurance coverage on human lives, including
benefits of endowment and annuities, and may include benefits
in the event of death or dismemberment by accident and
benefits for disability income.
(2) Accident and health or sickness. Insurance coverage
for sickness, bodily injury or accidental death and may
include benefits for disability income.
(3) Property. Insurance coverage for the direct or
consequential loss or damage to property of every kind.
(4) Casualty. Insurance coverage against legal
liability, including that for death, injury or disability or
damage to real or personal property.
(5) Variable life and variable annuity products.
Insurance coverage provided under variable life insurance
contracts and variable annuities.
(6) Personal lines. Property and casualty insurance
coverage sold to individuals and families primarily for
noncommercial purposes.
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