Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 627-4 - Compliance mitigation(a) Corrective actions.-- An insurer is responsible for compliance with this article. If a violation occurs, either because of the action or inaction of an insurer or its producer, the commissioner may order:(1) An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this article by the insurer, an entity contracted to perform the insurer's supervisory duties or by the producer. (2)[Repealed by 2018 Amendment.](3) An exclusive general agent or the producer to take reasonably appropriate corrective action for any consumer harmed by the licensee's violation of this article.(4) Penalties and remedies under section 406-B.(b) Reduction of penalty.--Any applicable penalty permitted under section 406-B for a violation of this article may be reduced or eliminated if corrective action for the consumer was taken promptly after a violation was discovered or the violation was not part of a pattern or practice. Amended by P.L. TBD 2021 No. 99, § 3, eff. 6/20/2022.Amended by P.L. TBD 2018 No. 48, § 5, eff. 12/26/2018.1921, May 17, P.L. 682, No. 284, art. IV-B, § 404-B, added 2010, March 22, P.L. 147, No. 14, §2, effective in 180 days [ 9/20/2010].