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Exemptions applicable to certified hospital plan corporations - 40 Pa. Cons. Stat. § 6103Legal Research Home > Pennsylvania Statutes
§ 6103. Exemptions applicable to certified hospital plan
corporations.
(a) General insurance laws.--A hospital plan corporation
holding a certificate of authority under this chapter shall not
be subject to the laws of this Commonwealth now in force
relating to the business of insurance, and no statute hereafter
enacted relating to the business of insurance shall apply to
such a corporation unless such statute shall specifically refer
and apply to a corporation subject to this chapter.
(b) Tax laws.--Every hospital plan corporation holding a
certificate of authority under this chapter is hereby declared
to be a charitable and benevolent institution, and all its funds
and investments shall be exempt from taxation by the
Commonwealth and its political subdivisions.
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Last modified: November 27, 2007 |