Scope of plan - 75 Pa. Cons. Stat. § 1742
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Pennsylvania Statutes
§ 1742. Scope of plan.
The Assigned Risk Plan shall:
(1) Include rules for the classification of risks and
rates therefor.
(2) Provide for the installment payment of premiums
subject to customary terms and conditions.
(3) Provide rules for the equitable apportionment among
participating insurers of clean risks who shall be eligible
to receive the insurer's voluntary rate.
(4) Provide rules to specify the effective date and time
of coverage, provided that applicants may only obtain
coverage effective as of the date and time of the application
if the agent or broker of record uses electronic mail binding
procedures specified in the rules.
(Feb. 7, 1990, P.L.11, No.6, eff. July 1, 1990)
Section: 1733 1734 1735 1736 1737 1738 1741 1742 1743 1744 1751 1752 1753 1754 1755
Last modified: November 27, 2007
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