Bill Information

An Act amending the act of May 17, 1921 (P. L. 682, No. 284), entitled "The Insurance Company Law of 1921," authorizing stock insurers to establish more than one class or series of shares and to permit different voting rights according to the class of shares; requiring insurance companies to disclose certain data; providing for a notice of intent to withdraw; and providing for penalties; establishing the Bureau of Consumer Advocacy within the Insurance Department and providing for its powers and duties; providing for consumer education, outreach and assistance; and requiring certain information from the bureau.