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Pennsylvania Statutes Title 40 P.S. Insurance § 241.1. Scope of act

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

(a) General rule.--This act applies to all classes and kinds of insurance which may be written by stock or mutual property or casualty insurance companies, associations or exchanges, including fidelity, surety and guaranty bonds and all other forms of motor vehicle insurance except:

(1) Reinsurance.

(2) Accident and health insurance.

(3) Insurance against loss of or damage to aircraft or against liability arising out of the ownership, maintenance or use of aircraft.

(b) Nonapplicability.--The provisions of this act do not apply to:

(1) business owned by the insurer and not by the agent, provided such insurer offers to continue such policies through another of its agents;

(2) any agency contract in effect for less than four years;

(3) an agent whose license has been suspended or revoked by the Insurance Commissioner or whose contract has been terminated for insolvency, abandonment, gross or willful misconduct, or failure to pay over to the insurer moneys due to the insurer after his receipt of a written demand thereof; or

(4) an agent who has demonstrated gross incompetence which would normally be cause for agency contract termination.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 241.1. Scope of act - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-241-1/

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