Pennsylvania Statutes Title 40 P.S. Insurance § 1233.1. Uniform classification of accounts and records; reports; penalties

(a) Each stock or mutual insurance company, association, exchange, employers mutual liability association and organization, including the State Workmen's Insurance Fund, which is subject to the provisions of this act, shall maintain uniform classifications of accounts and records as may be prescribed by the Insurance Commissioner.

(b) Each stock or mutual insurance company, association, exchange, employers mutual liability association and organization, including the State Workmen's Insurance Fund, which is subject to the provisions of this act, shall file such uniform reports relative to their business and transactions as the Insurance Commissioner may deem necessary. Such reports, except when otherwise provided by law, shall be filed on the date prescribed by the Insurance Commissioner and in such form as may be determined by the Insurance Commissioner.

(c) Any insurance company, association, exchange or organization to which this act applies, which neglects or refuses to maintain its records as herein provided for, or which neglects or refuses to file uniform reports, shall forfeit a sum not to exceed one hundred dollars ($100) per day for each day during which such neglect or refusal continues, and upon notice by the Insurance Commissioner, its authority to do new business shall cease while such default continues. For wilfully making false reports, any insurance company, association, exchange or organization to which this act applies, and the persons making oath to or subscribing the same, shall, severally, be punished by a fine of not less than five hundred dollars ($500) nor more than five thousand dollars ($5000). A person who wilfully makes oath to such false report shall be guilty of perjury.

(d) No action shall be taken by the Insurance Commissioner under the provisions of subsection (c) of this section, except after a hearing held upon ten days' written notice to the party or parties concerned. Classifications of accounts and records or reports shall be prescribed by the Insurance Commissioner under the provisions of this act only upon notice and after hearing to all parties affected thereby, and rules and regulations relating thereto shall be promulgated by the Insurance Commissioner at least six months before the effective date thereof.

(e) Nothing in this section shall be construed as applying to domestic mutual fire insurance companies as to policies covering only those classes of insurance authorized by clauses (1), (2) and (3) of subsection (b) of section 202 of the act of May 17, 1921 (P.L. 682),  1. known as “The Insurance Company Law of 1921”, other than insurance upon automobiles.