PRINTER'S NO. 2358
No. 1814 Session of 2003
INTRODUCED BY NICKOL, GEORGE, HARPER, HENNESSEY, HORSEY, JAMES,
LEH, R. MILLER, MUNDY, MYERS, PALLONE, SCHRODER, SEMMEL,
E. Z. TAYLOR, TIGUE, WATERS AND YOUNGBLOOD, JULY 7, 2003
REFERRED TO COMMITTEE ON INSURANCE, JULY 7, 2003
AN ACT
1 Amending the act of July 22, 1974 (P.L.589, No.205), entitled
2 "An act relating to unfair insurance practices; prohibiting
3 unfair methods of competition and unfair or deceptive acts
4 and practices; and prescribing remedies and penalties,"
5 further defining "renewal" or "to renew."
6 The General Assembly of the Commonwealth of Pennsylvania
7 hereby enacts as follows:
8 Section 1. The definition of "renewal" or "to renew" in
9 section 3 of the act of July 22, 1974 (P.L.589, No.205), known
10 as the Unfair Insurance Practices Act, is amended to read:
11 Section 3. Definitions.--As used in this act:
12 * * *
13 "Renewal" or "to renew" means the issuance and delivery by an
14 insurer [of a policy superseding] at the end of the policy
15 period:
16 (1) a policy which supersedes a policy previously issued
17 and delivered by the same insurer[, such renewal policy to
18 provide types and limits of coverage at least equal to those
19 contained in the policy being superseded, or the issuance and
1 delivery of]; or
2 (2) a certificate or notice extending the term of a
3 policy beyond its policy period or term [with];
4 either of which has equal types and limits of coverage [at least
5 equal to those contained] in the policy being [extended:]
6 superseded or extended or which has different types and limits
7 of coverage in the policy being superseded or extended so long
8 as the commissioner has approved such policy and any
9 endorsements and the insurer discloses such policy differences
10 to the insured no less than thirty days prior to the effective
11 date of the renewal: Provided, however, That any policy with a
12 policy period or term of less than twelve months or any period
13 with no fixed expiration date shall for the purpose of this
14 [act] article be considered as if written for successive policy
15 periods or terms of twelve months.
16 * * *
17 Section 2. This act shall take effect in 60 days.
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