PRINTER'S NO. 630
No. 549 Session of 1991
INTRODUCED BY ALLEN, BARLEY, E. Z. TAYLOR, GEIST, TRELLO,
DEMPSEY, CLARK, PESCI, JOHNSON, ARGALL, HALUSKA, STEELMAN,
KASUNIC, HESS AND BUSH, MARCH 12, 1991
REFERRED TO COMMITTEE ON INSURANCE, MARCH 12, 1991
AN ACT
1 Amending the act of May 17, 1921 (P.L.682, No.284), entitled "An
2 act relating to insurance; amending, revising, and
3 consolidating the law providing for the incorporation of
4 insurance companies, and the regulation, supervision, and
5 protection of home and foreign insurance companies, Lloyds
6 associations, reciprocal and inter-insurance exchanges, and
7 fire insurance rating bureaus, and the regulation and
8 supervision of insurance carried by such companies,
9 associations, and exchanges, including insurance carried by
10 the State Workmen's Insurance Fund; providing penalties; and
11 repealing existing laws," further providing for the delivery
12 of certain life insurance policies within 30 days.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. The introductory paragraph of section 410 of the
16 act of May 17, 1921 (P.L.682, No.284), known as The Insurance
17 Company Law of 1921, amended July 19, 1951 (P.L.1100, No.245),
18 is amended to read:
19 Section 410. Uniform Policy Provisions.--[No policy of life
20 or endowment insurance] All policies of life or endowment
21 insurance, except policies of industrial insurance where the
22 premiums are payable monthly or oftener, shall hereafter be
1 delivered in this Commonwealth [unless it contains] to the
2 applicant within thirty days from the date of issue and shall
3 contain, in substance, the following provisions or provisions
4 which, in the opinion of the Insurance Commissioner, are more
5 favorable to the policyholder:--
6 * * *
7 Section 2. This act shall take effect July 1, 1991.
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