Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 4521.3. Qualified fund managers, payment of commissions

For the purposes of this act only, notwithstanding the provisions of the act of September 26, 1961 (P.L. 1661, No. 692), known as the “State Employes Group Life Insurance Law,”  1 the act of January 27, 1966 (1965 P.L. 1624, No. 577),  2 entitled “An act amending the act of April 9, 1929 (P.L. 177, No. 175), entitled ‘An act providing for and reorganizing the conduct of the executive and administrative work of the Commonwealth by the Executive Department thereof and the administrative departments, boards, commissions, and officers thereof, including the boards of trustees of State Normal Schools, or Teachers Colleges; abolishing, creating, reorganizing or authorizing the reorganization of certain administrative departments, boards, and commissions; defining the powers and duties of the Governor and other executive and administrative officers, and of the several administrative departments, boards, commissions, and officers; fixing the salaries of the Governor, Lieutenant Governor, and certain other executive and administrative officers; providing for the appointment of certain administrative officers, and of all deputies and other assistants and employes in certain departments, boards, and commissions; and prescribing the manner in which the number and compensation of the deputies and all other assistants and employes of certain departments, boards and commissions shall be determined,’ authorizing the Secretary of Property and Supplies  3 to transact business as an insurance broker for the purpose of contracting insurance and surety bonds for any department, board, agency or commission of this Commonwealth and for any State authority established by law,” or the act of July 31, 1968 (P.L. 691, No. 229),  1 entitled “An act reenacting and amending the act of September 26, 1961 (P.L. 1661, No. 692), entitled ‘An act providing for group life insurance for State employes; establishing a schedule; providing for payment; providing for reduction of insurance upon retirement; authorizing the Secretary of Property and Supplies to act as exclusive agent for the purpose of contracting for insurance; and providing for administration and advisory services by the Department of Property and Supplies,’ providing for contributions by the State, increasing the amounts of insurance provided under the schedule, reducing the period of continuous service required for eligibility, deleting the provision relating to insurance coverage for retired employes and consulting services and extending coverage to permanent part-time employes,” insurance companies selected as qualified fund managers by eligible individuals may pay commissions to agents or brokers licensed to transact business in this Commonwealth in accordance with their standard practice followed in other similar plans as if the premium had been paid by such eligible individual.