Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 8238 (December 30, 2023).

31 Pa. Code § 90c.9. Representation/agreement section.

§ 90c.9. Representation/agreement section.

 (a)  Applications contain a representation/agreement section. Applications that are supplemental to the initial application do or do not contain such a section.

 (b)  A basic life insurance application discloses when coverage will be effective. If the first premium is paid in cash, or by payroll deduction authorization, automatic bank draft authorization, or by authorization to increase loan repayments or to charge to a credit card, and immediate binding or unconditional insurance coverage is not provided, then the disclosure as to when coverage is effective is prominent—for example, in bold print—unless a receipt is given.

 (c)  For purposes of review, a basic life insurance application is an application for a new policy that is not taken pursuant to a provision of an existing policy or group contract. Applications of the following types are not considered basic applications: conversion, exchange, requalification, change, rider or endorsement, increase in existing coverage and reinstatement.



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