§ 67b.5. Company obligations.
(a) If the insured does not accept take-out and obtains replacement coverage in the voluntary market from another company, the assigned company shall have no further obligation to the insured or the producer of record, except that the assigned company shall issue a notice of termination of the Plan policy which is required by the rules of the Plan.
(b) If the insured accepts take-out, the assigned company shall be required to issue voluntary market coverage for 1 year.
(c) Thereafter, the company issuing the policy shall be obligated to renew coverage from year to year, unless the company is permitted to nonrenew the coverage under the act of June 17, 1998 (P. L. 484, No. 68) (40 P. S. § § 991.2001—991.2013).
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