PRIOR PRINTER'S NO. 3270 | PRINTER'S NO. 3311 |
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. | 2136 | Session of 2014 |
INTRODUCED BY TOBASH, SCAVELLO, LUCAS, PICKETT, COHEN, DeLUCA, PASHINSKI, GINGRICH, MATZIE AND MURT, MARCH 31, 2014
AS REPORTED FROM COMMITTEE ON INSURANCE, HOUSE OF REPRESENTATIVES, AS AMENDED, APRIL 7, 2014
AN ACT
1Amending the act of July 22, 1974 (P.L.589, No.205), entitled
2"An act relating to unfair insurance practices; prohibiting
3unfair methods of competition and unfair or deceptive acts
4and practices; and prescribing remedies and penalties,"
5further providing for definitions.
6The General Assembly of the Commonwealth of Pennsylvania
7hereby enacts as follows:
8Section 1. The definition of "renewal" or "to renew" in
9section 3 of the act of July 22, 1974 (P.L.589, No.205), known
10as the Unfair Insurance Practices Act, is amended <-and the
11section is amended by adding a definition to read:
12Section 3. Definitions.--As used in this act:
<-13* * *
14"Affiliated insurer." An insurer that is an affiliate as
15defined in section 1401 of the act of May 17, 1921 (P.L.682,
16No.284), known as The Insurance Company Law of 1921.
17* * *
18"Renewal" or "to renew" means the issuance and delivery by an
19insurer of a policy superseding at the end of the policy period
1a policy previously issued and delivered by the same insurer or
2affiliated insurer, such renewal policy to provide types and
3limits of coverage at least equal to those contained in the
4policy being superseded, or the issuance and delivery of a
5certificate or notice extending the term of a policy beyond its
6policy period or term with types and limits of coverage at least
7equal to those contained in the policy being extended: Provided,
8however, That any policy with a policy period or term of less
9than twelve months or any period with no fixed expiration date
10shall for the purpose of this act be considered as if written
11for successive policy periods or terms of twelve months.
12* * *
13Section 2. This act shall take effect in 60 days.