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Definitions - 40 Pa. Cons. Stat. § 101Legal Research Home > Pennsylvania Statutes
TITLE 40
INSURANCE
Part
I. Preliminary Provisions
II. Regulation of Insurers and Related Persons Generally
(Reserved)
III. Special Provisions Relating to Particular Classes of
Insurers
Enactment. Unless otherwise noted, the provisions of Title
40 were added November 15, 1972, P.L.1063, No.271, effective in
90 days.
PART I
PRELIMINARY PROVISIONS
Chapter
1. General Provisions
Enactment. Part I was added November 15, 1972, P.L.1063,
No.271, effective in 90 days.
CHAPTER 1
GENERAL PROVISIONS
Sec.
101. Definitions.
Enactment. Chapter 1 was added November 15, 1972, P.L.1063,
No.271, effective in 90 days.
§ 101. Definitions.
Subject to additional definitions contained in subsequent
provisions of this title which are applicable to specific parts,
articles, chapters or other provisions of this title, the
following words and phrases when used in this title shall have,
unless the context clearly indicates otherwise, the meanings
given to them in this section:
"Beneficial society." A corporation subject to regulation
under the act of June 4, 1937 (P.L.1643, No.342).
"Certificate of authority." An instrument in writing issued
by the department authorizing an insurer or proposed insurer to
engage in the business of insurance, or some specified line,
branch or part thereof, in this Commonwealth.
"Corporation not-for-profit." A corporation not-for-profit
as defined in Title 15 (relating to corporations and
unincorporated associations).
"Department." The Insurance Department of the Commonwealth.
"Foreign." Not incorporated or organized under the laws of
this Commonwealth.
"Uncertificated." Not holding an unsuspended or unrevoked
certificate of authority authorizing the relevant line, branch
or part of the business of insurance.
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Last modified: November 27, 2007 |