PRINTER'S NO. 2722
No. 2058 Session of 2003
INTRODUCED BY GEORGE, ALLEN, BARRAR, BEBKO-JONES, BELFANTI,
BROWNE, BUNT, CORRIGAN, CURRY, DALEY, DeWEESE, FABRIZIO,
FRANKEL, FREEMAN, GABIG, GEIST, GOODMAN, GRUCELA, HARHAI,
HERSHEY, HORSEY, JAMES, JOSEPHS, KELLER, KIRKLAND, LaGROTTA,
LAUGHLIN, McGEEHAN, MUNDY, NAILOR, PETRARCA, PISTELLA,
READSHAW, ROONEY, RUFFING, SHANER, STABACK, E. Z. TAYLOR,
THOMAS, TIGUE, WANSACZ, WASHINGTON, WATSON AND YOUNGBLOOD,
OCTOBER 1, 2003
REFERRED TO COMMITTEE ON INSURANCE, OCTOBER 1, 2003
AN ACT
1 Amending the act of May 17, 1921 (P.L.682, No.284), entitled "An
2 act relating to insurance; amending, revising, and
3 consolidating the law providing for the incorporation of
4 insurance companies, and the regulation, supervision, and
5 protection of home and foreign insurance companies, Lloyds
6 associations, reciprocal and inter-insurance exchanges, and
7 fire insurance rating bureaus, and the regulation and
8 supervision of insurance carried by such companies,
9 associations, and exchanges, including insurance carried by
10 the State Workmen's Insurance Fund; providing penalties; and
11 repealing existing laws," requiring active duty military
12 reductions in automobile insurance premiums under certain
13 circumstances.
14 The General Assembly of the Commonwealth of Pennsylvania
15 hereby enacts as follows:
16 Section 1. The act of May 17, 1921 (P.L.682, No.284), known
17 as The Insurance Company Law of 1921, is amended by adding a
18 section to read:
19 Section 2002.1. Active Duty Military Premium Reductions.--An
20 insurer shall reduce the premium on a policy of automobile
1 insurance if the insured is a member of the United States Armed
2 Forces, is on active duty and has placed the automobile covered
3 under the policy in an automobile storage facility for the
4 duration of time that the insured is on active duty. The
5 reduction shall apply only to the time period during which the
6 insured is on active duty.
7 Section 2. This act shall take effect in 60 days.
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