Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

31 Pa. Code § 107.2. Disclosure.

§ 107.2. Disclosure.

 (a)  The ‘‘Contingent Liability’’ of the insured and the ‘‘Time for Assessment’’ shall be clearly and prominently located in each policy in such manner as to alert and fully disclose to the insured the nature and terms of his contractual agreement regarding contingent liability. It shall be made clear that the amount of contingent liability assumed by an insured will be equal to the maximum assessment which the company may make.

 (b)  The Commissioner shall deem policy forms which include the notice ‘‘THIS IS AN ASSESSABLE POLICY,’’ printed in accordance with §  133.9 (relating to assessable policy) and equally prominent language referring to the page and paragraph or section number, if any, where the assessment provisions are located, to have satisfied the disclosure requirements of this section.

Source

   The provisions of this §  107.2 amended November 14, 1975, 5 Pa.B. 2980. Immediately preceding text appears at serial page (18377).



No part of the information on this site may be reproduced for profit or sold for profit.


This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.