Current through Register Vol. 54, No.43, October 26, 2024
Section 401.13 - Coverage limits and premiums for insurance(a) The maximum amount of insurance, the term or duration of the policy, and the premium rate will be determined by the Board.(b) An insurance policy is effective upon the date a complete application and its premium are received by the Board or its agent and provided that the applicant and structure meet the eligibility requirements in the act and in § 401.11 (relating to eligibility for insurance).The provisions of this §401.13 adopted December 10, 1971, effective 1/1/1972, 1 Pa.B. 2288; amended May 3, 1974, effective 5/4/1974, 4 Pa.B. 880; amended October 4, 1974, effective 10/5/1974, 4 Pa.B. 2134; amended December 21, 1979, effective 12/22/1979, 9 Pa.B. 4163; amended August 6, 1993, effective 8/7/1993, 23 Pa.B. 3687; amended April 29, 2005, effective 4/30/2005, 35 Pa.B. 2628; corrected August 5, 2005, effective 4/30/2005, 35 Pa.B. 4309; amended December 11, 2009, effective 12/12/2009, 39 Pa.B. 6953.The provisions of this §401.13 amended under section 19 of the act of August 23, 1961 (P. L. 1068, No. 484) (52 P. S. § 3219).