Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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

31 Pa. Code § 73.1. [Reserved].

§ 73.1. [Reserved].


Source

   The provisions of this §  73.1 adopted October 1, 1971; amended May 9, 1975, effective May 10, 1975, 5 Pa.B. 1211; amended April 14, 1978, effective April 15, 1978, 8 Pa.B. 1104; reserved March 20, 1998, effective June 19, 1998, 28 Pa.B. 1401. Immediately preceding text appears at serial pages (240436) to (240437).

Notes of Decisions

   Age

   Carriers may impose age restrictions which may not be used to terminate coverage or deny claims, they may challenge age misstatements during the contestable period, and they must terminate coverage within 60 days from the date of the loan where an ineligible debtor correctly states his age. Security of America Life Insurance Company v Insurance Department, 372 A.2d 54 (Pa. Cmwlth. 1977).

   Contestable Period

   The provisions requiring that termination or denial may be made within the two-year contestable period and not thereafter is not contrary to the equitable adjustment requirement of the act of May 11, 1949 (P. L. 1210, No. 367) (40 P. S. § §  532.1—532.9). Security of America Life Insurance Company v. Insurance Department, 372 A.2d 54 (Pa. Cmwlth. 1977).

   The provision forbidding forms to refer to an aggregate maximum insurance is irreconcilable with the establishment of an aggregate maximum by the act of May 11, 1949 (P. L. 1210, No. 367) (40 P. S. § §  532.1—532.9). Security of America Life Insurance Co. v. Insurance Department, 372 A.2d 54 (Pa. Cmwlth. 1977).



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