Pennsylvania Statutes Title 40 P.S. Insurance § 1007.8. Premiums and refunds

(a) Any insurer may revise its schedules of premium rates from time to time and shall file such revised schedules with the commissioner. No insurer shall issue any credit life insurance policy or credit accident and health insurance policy for which the premium rate exceeds that determined by the schedules of such insurer as then on file with the commissioner: Provided, however, That  1 the premium rate in effect on existing group policies may be continued until the first policy anniversary date following the date this act becomes operative as provided in section 12.  2

(b) The following shall apply:

(c) If a creditor requires a debtor to make any payment for credit life insurance or credit accident and health insurance and an individual policy or group certificate of insurance is not issued, the creditor shall immediately give written notice to such debtor and shall promptly make an appropriate credit to the account.

(d) The amount charged to a debtor for any credit life or credit health and accident insurance shall not exceed the aggregate of the premiums to be charged by the insurer as computed at the time the charge to the debtor is determined.

(e) Nothing in this act shall be construed to authorize any payments for credit life or credit accident and health insurance now prohibited under any statute or rule thereunder governing credit transactions: Provided, however, That where payment for credit life or credit accident and health insurance is not prohibited under any statute or rule thereunder governing credit transactions, the commissions, dividends or other returns to the creditor therefrom shall not be deemed a violation of this or any other law, general or special, civil or criminal of the Commonwealth of Pennsylvania.