|Posted:||March 16, 2017 02:05 PM|
|From:||Representative Tina Pickett|
|To:||All House members|
|Subject:||Insurance Regulation and Oversight Fund Act|
|In the near future, I plan to introduce legislation to amend the Insurance Regulation and Oversight Fund Act. This legislation is intended to provide greater transparency to the General Assembly of the regulatory costs incurred by the 275 Pennsylvania domiciled insurers competing with the approximately 1,500 non-domestic insurers who are not subject to these costs.
The legislation requires the Insurance Department to annually report to the General Assembly and file the report on the Department’s website on:
This report assists the General Assembly in evaluating the true cost of the Department’s mandated oversight responsibilities.
Introduced as HB1335