PRINTER'S NO. 3299
No. 2429 Session of 1976
INTRODUCED BY VROON, COHEN, ZEARFOSS, TAYLOR AND
A. K. HUTCHINSON, MAY 26, 1976
REFERRED TO COMMITTEE ON CONSUMER PROTECTION, MAY 26, 1976
AN ACT
1 Amending the act of May 17, 1921 (P.L.789, No.285), entitled, as
2 amended, "An act relating to insurance; establishing an
3 insurance department; and amending, revising, and
4 consolidating the law relating to the licensing,
5 qualification, regulation, examination, suspension, and
6 dissolution of insurance companies, Lloyds associations,
7 reciprocal and inter-insurance exchanges, and certain
8 societies and orders, the examination and regulation of fire
9 insurance rating bureaus, and the licensing and regulation of
10 insurance agents and brokers; the service of legal process
11 upon foreign insurance companies, associations or exchanges;
12 providing penalties, and repealing existing laws,"
13 eliminating countersignature from the definition of insurance
14 agent.
15 The General Assembly of the Commonwealth of Pennsylvania
16 hereby enacts as follows:
17 Section 1. Clause (a) of section 601, act of May 17, 1921
18 (P.L.789, No.285), known as "The Insurance Department Act of one
19 thousand nine hundred and twenty-one," amended June 5, 1947
20 (P.L.439, No.200), is amended to read:
21 Section 601. Insurance Agents Defined.--An agent is an
22 individual copartnership or corporation, authorized in writing
23 by a company, association or exchange--
24 (a) To solicit risks and collect premiums, and to issue [or
1 countersign] policies in its behalf; or
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