PRINTER'S NO. 1166
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1016
Session of
2019
INTRODUCED BY DeLUCA, PICKETT, MILLARD, ROTHMAN, MATZIE, TOEPEL,
READSHAW, WARREN, GOODMAN, COMITTA, KORTZ, EVERETT, SIMMONS,
MARKOSEK, TOPPER, PASHINSKI, A. DAVIS, HARKINS, DRISCOLL,
SCHWEYER, KIM, BIZZARRO, ECKER, ISAACSON, FREEMAN, FLYNN,
DAWKINS, T. DAVIS AND NESBIT, APRIL 2, 2019
REFERRED TO COMMITTEE ON INSURANCE, APRIL 2, 2019
AN ACT
Amending the act of May 17, 1921 (P.L.682, No.284), entitled "An
act relating to insurance; amending, revising, and
consolidating the law providing for the incorporation of
insurance companies, and the regulation, supervision, and
protection of home and foreign insurance companies, Lloyds
associations, reciprocal and inter-insurance exchanges, and
fire insurance rating bureaus, and the regulation and
supervision of insurance carried by such companies,
associations, and exchanges, including insurance carried by
the State Workmen's Insurance Fund; providing penalties; and
repealing existing laws," in fraternal benefit societies,
providing for solvency and further providing for benefit
contract and for injunction, liquidation and receivership of
domestic society.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of May 17, 1921 (P.L.682, No.284), known
as The Insurance Company Law of 1921, is amended by adding a
section to read:
Section 2428. Solvency.
(a) Hazardous condition.--If a domestic society has an
authorized control level event, under circumstances the
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