Pennsylvania Statutes Title 40 P.S. Insurance § 991.1406a. Supervisory colleges

(a) A supervisory college may be convened as a temporary or permanent forum for communication and cooperation between the regulators charged with the supervision of the insurer or its affiliates.

(b) The department may participate in a supervisory college with other regulators charged with supervision of the insurer or its affiliates, including international, Federal and other state regulatory agencies, for any of the following reasons:

(c) The department shall have the power to participate in a supervisory college for a domestic insurer, registered under section 1404,  2 that is part of an insurance holding company system with international operations in order to determine compliance by the insurer with this article.

(d) The powers of the department regarding supervisory colleges include, but are not limited to, the following:

(e) The department may enter into agreements in accordance with sections 1406.2, 1407  3 and Article II-A of the act of May 17, 1921 (P.L. 789, No. 285),  4 known as “The Insurance Department Act of 1921,” to provide the basis for sharing information between the department and other regulatory agencies. The department may also enter into agreements to share information and further coordinate the activities of the supervisory college pursuant to this section. Nothing in this section shall delegate to the supervisory college the authority of the department to regulate or supervise the insurer or its affiliates within its jurisdiction.

(f) A registered insurer subject to this section shall be liable for and shall pay the reasonable expenses of the department's participation in a supervisory college, including reasonable travel expenses.