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Exemptions applicable to certificated professional health service corporations - 40 Pa. Cons. Stat. § 6307

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     § 6307.  Exemptions applicable to certificated professional
              health service corporations.
        (a)  General insurance laws.--A professional health service
     corporation shall be subject to regulation and supervision by
     the Department of Health and the Insurance Department under this
     chapter. A professional health service 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 professional health service corporation
     holding a certificate of authority under this chapter is hereby
     declared to be a charitable and benevolent institution, and all
     its income, funds, investments and property shall be exempt from
     all taxation by the Commonwealth or its political subdivisions.

Last modified: November 27, 2007