40 Pa. Stat. § 477a

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 477a - Unfair discrimination prohibited

Unfair discrimination between individuals of the same class in the amount of premiums or rates charged for any policy of life, health and accident insurance, covered by this act, and any other lines and kinds of insurance not within the scope of The Fire Marine and Inland Marine Regulatory Act and The Casualty and Surety Rate Regulatory Act, or in the benefits payable thereon, or in any of the terms or conditions of such policy, or in any other manner whatsoever, is prohibited.

Any person, corporation, insurance company, association, or exchange that shall, either as principal or agent, issue, or cause to be issued, any policy or contract of insurance within this Commonwealth, contrary to this section, shall be guilty of a misdemeanor, and upon conviction thereof, shall be sentenced to pay a fine not exceeding five hundred dollars ($500.00).

Upon satisfactory evidence of the violation of this section by any such person, corporation, insurance company, association, or exchange, the Insurance Commissioner may, in his discretion, pursue any one or more of the following courses of action:

(1) Suspend or revoke the license of such offending person, corporation, insurance company, association, or exchange; (2) refuse, for a period of not to exceed one year thereafter, to issue a new license to such person, corporation, insurance company, association, or exchange; (3) impose a penalty of not more than five hundred ($500) dollars for each and every act in violation of this act.

40 P.S. § 477a

1921, May 17, P.L. 682, art. III, § 353, added 1931, June 23, P.L. 904, § 2. Amended 1947, June 10, P.L. 495, § 2. Affected 1978, April 28, P.L. 202, No. 53, § 2(a) [1048], effective 6/27/1978.