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Pennsylvania Statutes Title 40 P.S. Insurance § 1303.731. Joint underwriting association

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Establishment.--There is established a nonprofit joint underwriting association to be known as the Pennsylvania Professional Liability Joint Underwriting Association. The joint underwriting association shall consist of all insurers authorized to write insurance in accordance with section 202(c)(4) and (11) of the act of May 17, 1921 (P.L. 682, No. 284),  1 known as The Insurance Company Law of 1921, and shall be supervised by the department. The powers and duties of the joint underwriting association shall be vested in and exercised by a board of directors.

(b) Duties.--The joint underwriting association shall do all of the following:

(1) Submit a plan of operation to the commissioner for approval.

(2) Submit rates and any rate modification to the department for approval in accordance with the act of June 11, 1947 (P.L. 538, No. 246),  2 known as The Casualty and Surety Rate Regulatory Act.

(3) Offer medical professional liability insurance to health care providers in accordance with section 732.  3

(4) File with the department the information required in section 712.  4

(c) Repealed by 2018, June 22, P.L. 273, No. 41, § 4(2), effective in 30 days [July 23, 2018].

1 40 P.S. § 382.
2 40 P.S. § 1181 et seq.
3 40 P.S. § 1303.732.
4 40 P.S. § 1303.712.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 1303.731. Joint underwriting association - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-1303-731/

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