PRINTER'S NO. 2422
No. 1960 Session of 1991
INTRODUCED BY OLASZ, SALOOM, STABACK, GEIST, KOSINSKI, BLAUM,
PETRARCA, VEON, GEORGE, PESCI, MELIO, LAUGHLIN, TRELLO,
WILLIAMS, MICOZZIE, HALUSKA, JOHNSON, SAURMAN, PERZEL,
ROBINSON, JAROLIN, D. W. SNYDER, HARPER, COLAFELLA, BUNT,
E. Z. TAYLOR, M. N. WRIGHT, CAWLEY, BILLOW, SERAFINI, JAMES
AND RICHARDSON, AUGUST 3, 1991
REFERRED TO COMMITTEE ON INSURANCE, AUGUST 3, 1991
AN ACT
1 Amending the act of June 5, 1968 (P.L.140, No.78), entitled "An
2 act regulating the writing, cancellation of or refusal to
3 renew policies of automobile insurance; and imposing powers
4 and duties on the Insurance Commissioner therefor," mandating
5 a grace period for payment of premiums.
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. The act of June 5, 1968 (P.L.140, No.78),
9 entitled "An act regulating the writing, cancellation of or
10 refusal to renew policies of automobile insurance; and imposing
11 powers and duties on the Insurance Commissioner therefor," is
12 amended by adding a section to read:
13 Section 4.2. Every policy of automobile insurance in effect
14 on the effective date of this section, and every policy of
15 automobile insurance written or renewed after the effective date
16 of this section shall be construed to have a thirty-day grace
17 period within which the owner of the policy may pay his or her
1 premium. This thirty-day grace period shall commence on the due
2 date of the premium. No policy of automobile insurance may be
3 cancelled during the grace period and no insurer shall refuse to
4 issue or renew such a policy on the grounds that premium payment
5 was made during the grace period.
6 Section 2. This act shall take effect immediately.
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