"INSURANCE COMPANY LAW of 1921, THE" Cl. 40 Act of May 17

Total Page:16

File Type:pdf, Size:1020Kb

"INSURANCE COMPANY LAW OF 1921, THE" Act of May 17, 1921, P.L. 682, No. 284 Cl. 40 AN ACT Relating to insurance; amending, revising, and consolidating the law providing for the incorporation of insurance companies, and the regulation, supervision, and protection of home and foreign insurance companies, Lloyds associations, reciprocal and inter-insurance exchanges, and fire insurance rating bureaus, and the regulation and supervision of insurance carried by such companies, associations, and exchanges, including insurance carried by the State Workmen's Insurance Fund; providing penalties; and repealing existing laws. Compiler's Note: Section 5(b) of Act 147 of 2002 provided that Act 284 is repealed insofar as it is inconsistent with Act 147. Compiler's Note: Section 301(a)(7) of Act 58 of 1996, which created the Department of Community and Economic Development and abolished the Department of Community Affairs, provided that the Community Development Block Grant Program under Act 284 is transferred from the Department of Community Affairs to the Department of Community and Economic Development. Section 301(a)(16) of Act 58 of 1996 provided that all other powers and duties delegated to the Department of Community Affairs not otherwise expressly transferred elsewhere by Act 58 and currently performed by the Department of Community Affairs under Act 284 are transferred from the Department of Community Affairs to the Department of Community and Economic Development. Compiler's Note: Section 401(b) of Act 198 of 1990 provided that the provisions of The Insurance Company Law of 1921 that have not been repealed by Act 198 shall control over the provisions of Title 15. CONTENTS. SECTIONS Article I. Preliminary Provisions......... 101-109 Article II. Incorporation of Insurance Companies..................... 201-216 Article III. General Provisions Relating to Insurance Companies, Associations and Exchanges... 300-358 Article IV. Life Insurance................. 401-430 (a) General Provisions Relating to Stock and Mutual Companies....... 401-419 (b) Provisions Relating to Stock Companies........ 420-421 (c) Provisions Relating to Mutual Companies....... 426-430 (d) Provisions Relating to Locating Life Insurance Policies............... 441-442 Article IV-A. Life and Endowment Insurance and Annuities..................... 401-A-411-A Article IV-B. Suitability of Annuity Transactions.................. 401-B-408-B Article V. Fire and Marine Insurance...... 501-553 (a) General Provisions Relating to Stock and Mutual Companies, and to Associations and Exchanges.............. 501-508 (b) Provisions Relating to Stock Companies........ 516-524 (c) Provisions Relating to Mutual Companies....... 531-534 (d) Fire Insurance Rates and Rating Bureaus......... 541-553 Article V-A. Property and Casualty Filing Reform........................ 501-A-519-A Article VI. Casualty Insurance............. 601-697 (a) General Provisions Relating to Stock Companies.............. 601-610 (b) Health and Accident Insurance.............. 616-635.7 (c) Employers' Mutual Liability Insurance Associations........... 636-647 (d) Workmen's Compensation Insurance.............. 651-655 (e) Surety Companies......... 661-667 (f) Boiler Insurance......... 671 (g) Mutual Casualty Insurance 675-697 Article VI-A. Benefits for Alcohol Abuse and Dependency.................... 601-A-608-A Article VI-B. Health Insurance Coverage Parity and Nondiscrimination........ 601-B-606-B Article VII. Title Insurance Companies...... 701-755 Article VIII. Mutual Companies other than Mutual Life Companies........ 801-810 Article VIII-A. Mutual-to-Stock Conversion... 801-A-819-A Article IX. Lloyds Associations............ 901-914 Article X. Reciprocal and Inter-Insurance Exchanges..................... 1001-1011 Article X-A. Health Care Insurance Individual Accessibility................. 1001-A-1012-A Article X-B. Fairness in Multiple Copayments 1001-B-1006-B Article XI. Long-Term Care................. 1101-1115 Article XII. Uniform Health Insurance Claim Form.......................... 1201-1205 Article XIII. Broker Controlled Property and Casualty Insurers............. 1301-1305 Article XIV. Insurance Holding Companies.... 1401-1413 Article XV. Risk Retention................. 1501-1516 Article XVI. Surplus Lines.................. 1601-1626 Article XVII. Life and Health Insurance Guaranty Association.......... 1701-1718 Article XVIII. Pennsylvania Property and Casualty Insurance Guaranty Association................... 1801-1820 Article XX. Automobile Insurance Issuance, Renewal, Cancellation and Refusal....................... 2001-2013 Article XXI. Quality Health Care Accountability and Protection................ 2101-2194 (a) Preliminary Provisions.. 2101-2102 (b) Managed Care Plan Requirements........... 2111-2113 (c) Medical Services......... 2116-2117 (d) Provider Credentialing.. 2121 (e) Confidentiality.......... 2131 (f) Information for Enrollees 2136 (g) Complaints.. 2141-2143 (h) Utilization Review....... 2151-2152 (i) Grievances............... 2161-2163 (j) Prompt Payment........... 2166 (k) Health Care Provider and Managed Care Plan Protection............. 2171 (l) Enforcement.............. 2181-2183 (m) Miscellaneous............ 2191-2194 Article XXIII. Children's Health Care....... (Repealed) (a) General Provisions....... 2301-2303 (b) Primary Health Care Programs............... 2311-2314 (c) through (f) (Reserved) (g) Miscellaneous Provisions. 2361-2362 Article XXIII-A. Comprehensive Health Care for Uninsured Children....... 2301-A-2309-A Article XXIV. Fraternal Benefit Societies... 2401-2466 (a) General Provisions....... 2401-2406 (b) Membership............... 2411-2414 (c) Governance............... 2421-2428 (d) Contractual Benefits.... 2431-2435 (e) Financial................ 2441-2442 (f) Regulation............... 2451-2466 Article XXV. Community Health Reinvestment.. 2501-2504 Article XXVI. Risk Management and Own Risk Solvency Assessment........... 2601-2610 Article XXVII. Quality Eye Care for Insured Pensylvanians................. 2701-2707 Section 1. Be it enacted, &c., That the laws providing for the incorporation of insurance companies, and the regulation, supervision, and protection of home and foreign insurance companies, Lloyds associations, reciprocal and inter-insurance exchanges, and fire insurance rating bureaus, and the regulation and supervision of insurance carried by such companies, associations, and exchanges, including insurance carried by the State Workmen's Insurance Fund, are hereby amended, revised, and consolidated as follows: ARTICLE I. PRELIMINARY PROVISIONS. Section 101. Certain Words Defined.--The word "company," as used in this act, shall be construed to include incorporated insurance companies only, and title insurance companies, whether incorporated under the laws of this Commonwealth, or any other state, territory, or district, or under the laws of any foreign country. Except where otherwise indicated, the word "association," as used in this act, shall be construed to include only individuals, partnerships or associations of individuals, authorized to engage in the business of insurance in the Commonwealth as insurers on the Lloyds plan. The word "exchange," as used in this act, shall be construed to include only individuals, partnerships and corporations, authorized by the laws of the Commonwealth to exchange with each other inter-insurance or reciprocal insurance contracts. (101 amended July 1, 1937, P.L.2529, No.468) Section 102. Short Title.--This act shall be known and may be cited as "The Insurance Company Law of 1921." Section 103. Scope of Act.--Except as in this act provided, the provisions of this act, in so far as they are applicable, shall apply: (a) To all domestic insurance companies incorporated under the provisions of this act; (b) to all domestic insurance companies incorporated under general or special laws since the thirteenth day of October, one thousand eight hundred and fifty-seven; (c) to all domestic insurance companies, heretofore incorporated, which have accepted the provisions of the Constitution and the general insurance laws enacted since the thirteenth day of October, one thousand eight hundred and fifty-seven; (d) to all domestic insurance companies, incorporated under any general or special law prior to the thirteenth day of October, one thousand eight hundred and fifty-seven, which, by the terms of their charters or the acts under which they were incorporated, hold charters subject to alteration or revocation; (e) to all other domestic insurance companies, incorporated by general or special law prior to the thirteenth day of October, one thousand eight hundred and fifty-seven, which accept the provisions of this act as hereinafter provided; (f) to all foreign insurance companies doing business in this Commonwealth; and (g) to all domestic and foreign associations and exchanges doing insurance business in this Commonwealth. All insurance companies to which this act applies and which have the required capital and reserve may transact any one or more of the classes of insurance authorized by section two hundred and two (202) of this act in the same manner and to the same extent as insurance companies incorporated under the provisions of this act. No insurance company heretofore created and to which this act applies shall be deprived of any right which it enjoys under its charter to engage in any business other than insurance. Nothing in this act shall be construed to interfere with the charter provisions or operations of
Recommended publications
  • Social Insurance Law PART 1
    Social Insurance Law PART 1: THE CONSOLIDATED ACT ON SOCIAL INSURANCE CHAPTER I THE REGULATION OF SOCIAL INSURANCE, SCOPE OF APPLICATION AND DEFINITIONS Article 1 This Law shall be cited as "The Social Insurance Law" and shall include the following branches of Insurance :- 1. Insurance against old age, disability and death; 2. Insurance against employment injuries; 3. Insurance against temporary disability by reason of sickness or maternity; 4. Insurance against unemployment; 5. Insurance for the self-employed and those engaged in liberal professions; 6. Insurance for employers; 7. Family Allowances; 8. Other branches of insurance which fall within the scope of social security. Each of the first two branches shall be introduced in accordance with the following provisions and the protection guaranteed by this Law shall be extended in future stages by introducing the other branches of social insurance by Order of the Council of Ministers. Article 2 The provisions of this Law shall be applied compulsorily to all workers without discrimination as to sex, nationality, or age, who work by virtue of an employment contract for the benefit of one or more employers, or for the benefit of an enterprise in the private, co-operative, or para-statal sectors and, unless otherwise provided for, those engaged in public organisations or bodies, and also those employees and workers in respect of whom Law No. 13 of 1975 does not apply, and irrespective of the duration, nature or form of the contract, or the amount or kind of wages paid or whether the service is performed in accordance with the contract within the country or for the benefit of the employer outside the country or whether the assignment to work abroad is for a limited or an unlimited period.
    [Show full text]
  • February 1, 2018 MASSACHUSETTS PRIVATE PASSENGER RESIDUAL MARKET AUTOMOBILE INSURANCE MANUAL
    MASSACHUSETTS PRIVATE PASSENGER RESIDUAL MARKET AUTOMOBILE INSURANCE MANUAL SECTION I - GENERAL RULES RULE 1. ELIGIBILITY All individually owned vehicles registered under the Massachusetts Compulsory Motor Vehicle Law that are eligible for private passenger motor vehicle insurance under the rules of the Massachusetts Automobile Insurance Plan (MAIP) may be rated in accordance with this manual and written on the Massachusetts Automobile Insurance Policy. RULE 2. COVERAGES AND LIMITS The types of coverages available in the CAR Massachusetts Automobile Insurance Policy are: Compulsory Insurance Coverages Part 1 - Bodily Injury to Others The basic limits are $20,000 each person and $40,000 each accident. Part 2 - Personal Injury Protection The basic limit is $8,000 for each person. Refer to Rule 30 for available deductibles. Part 3 - Bodily Injury Caused By an Uninsured Auto The basic limits are $20,000 each person and $40,000 each accident. Increased limits are available. The limits may not exceed the limits of Part 5, or if Part 5 is not purchased, Part 1 of this policy. This coverage is excess over Personal Injury Protection. Part 4 - Damage to Someone Else’s Property The basic limit is $5,000 each accident. Increased limits are available. Optional Insurance Coverages Part 5 - Optional Bodily Injury to Others The basic limits are $20,000 each person and $40,000 each accident. Increased limits are available. Part 6 - Medical Payments The basic limit is $5,000 each person. Higher limits are available for all motor vehicles rated in this manual. Motorcycle limits are available from $500 to $25,000. This coverage is excess over Personal Injury Protection.
    [Show full text]
  • Stronger Together
    Stronger Together 2020 ANNUAL REPORT Stronger Together | 2020 Annual Report OUR VISION To be a great company committed to improving the lives of people in the communities in which we operate. 1 TABLE OF CONTENTS FINANCIAL HIGHLIGHTS 2 SAGICOR GROUP CHAIRMAN’S REVIEW 5 SAGICOR GROUP PRESIDENT & CHIEF EXECUTIVE OFFICER’S MESSAGE 7 BOARD OF DIRECTORS 10 EXECUTIVE MANAGEMENT 16 GROUP ORGANISATIONAL CHART 22 CORPORATE & SOCIAL RESPONSIBILITY 24 HUMAN CAPITAL REPORT 39 INNOVATION & TECHNOLOGY 45 MANAGEMENT DISCUSSION & ANALYSIS 46 INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS 130 SHAREHOLDER INFORMATION 308 OFFICES 310 2 FINANCIAL HIGHLIGHTS SHAREHOLDERS’ RETURNS NET INCOME 1 COMMON DIVIDENDS BOOK VALUE PER SHARE3 7.59 7.81 8.50 8.83 7.66 (4) 87 37 62 60 33 15 15 15 14 2020 20192 2018 2017 2016 2020 20192 2018 2017 2016 2020 2019 2018 2017 2016 1 from continuing operations 2 2020 2019 2018 2017 2016 2 before Alignvest Acquisition II Corporation transaction costs 3 3 Basic earnings per share (2.4¢) 57.5¢ 51.7¢ 88.7¢ 84.4 under the Alignvest transaction, Sagicor Financial Corporation Limited common shares not purchased for cash, were exchanged for common shares of Sagicor Financial Company Ltd on an exchange 1,2 ratio of one Sagicor Financial Company Ltd. common share for 4.328 of Sagicor Financial Corporation Limited common shares (“Exchange Ratio”). This exchange ratio has been used to convert the 2018 Return on shareholder’s equity (0.3%) 10.50% 6.20% 11.30% 12.30 and prior years outstanding shares to the Sagicor Financial Company Ltd equivalent.
    [Show full text]
  • Health Insurance Policy in Vietnam
    Health Insurance Policy In Vietnam Right-angled and swishier Curtice faradises some pipa so fashionably! If unresolved or sprightly Erny usually Douglasssublet his ismeningitis jocular and dreamt den measuredlyagog or Christianising as mischief-making saltando andNat unprosperously,formulizing eccentrically how honey and is dib Barrett? colourably. Dos & Don'ts for Travelers in Vietnam World Nomads. Why Investors Should be Optimistic About Vietnam's. The public facilities are where most healthcare services are you under social health insurance coverage for older people in Vietnam The national geriatrics. Another comprehensive plans should cover page please describe all of policy allows us citizens travel insurance premium health status, income poverty fall, outpatient treatments or data. Vietnam Expatriate Health Insurance Everything people Need. Poverty in Vietnam Wikipedia. In then the scale framework in Vietnam Lexology. Vietnam Travel Insurance InsureandGo. Vietnam has recently introduced the Revised Health Insurance Law and. Changes in customer Health surveillance System of Vietnam in JStor. By their period creates a us and things, as their clients and. The draft Electronic Health Insurance Card HIC policy is been completed and reflect be officially introduced in 2020 according to Vietnam. Healthcare financing is funded primarily through domestic resources In recent years Vietnam has to efficient at collecting revenue at month level far higher than. The only produce part is install only hospital gown is really needed if she have fever and go away an Hospital. Compulsory Social Insurance For Expats Working In Vietnam. Health insurance in Vietnam best value when money. Since these cookies in women join different. Master plans to impulse modernization of Vietnamese healthcare.
    [Show full text]
  • Welcome to Metlife Auto & Home®
    Welcome to MetLife Auto & Home® MetLife Auto & Home is happy to service Massachusetts Assigned Risk Plan policies. Included in this packet is information that will assist you when answering questions for your clients, submitting payments, and providing supporting documentation to us as needed. In addition, we have set up a website for your convenience where this information is also included. It may be helpful to add this to your list of favorites for future reference. www.metlife.com/individual/insurance/auto-insurance/MA-assigned-risk.html Contacts MAIP New Business Processing and Status: 1-800-255-0332 Agency Response Center: 1-800-255-0332 For Agents Only. Please contact the Agency Response Center for all policy changes or endorsements, billing inquiries and changes, and coverage verification. Voluntary Rate Quote: 1-800-545-4282 For Agents Only: The CAR application, in addition to our Supplemental Underwriting Questionnaire, must be completed to receive the most accurate voluntary rate quote. Please feel free to contact us to request a voluntary rate quote for specific risks, once you have obtained all of the necessary information. Correspondence Address: MetLife Auto & Home PO Box 6060 Scranton, PA. 18505-6060 Correspondence Fax: 1-866-743-4890 Claim Department: 1-800-854-6011 Special Investigative Unit (SIU): 1-800-922-FRAUD or 1-800-922-3728 MetLife Auto & Home is a brand of Metropolitan Property and Casualty Insurance Company and its affiliates, Warwick RI L0218502626[exp0121][MA] Page | 1 MAIP Forms and Required Documents Assigned Risk Producer's (ARP) have two business days to mail the signed application, premium deposit, and any other required documents to the Company.
    [Show full text]
  • Commonwealth of Massachusetts Department of Board No
    COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF BOARD NO. 000524-96 INDUSTRIAL ACCIDENTS Adelard Fontaine Employee Evergreen Construction Co. Employer Workers’ Compensation Trust Fund Insurer Eastern Casualty Insurance Co. Insurer REVIEWING BOARD DECISION (Judges Wilson, McCarthy and Smith) APPEARANCES Warren Tolman, Esq., for the employee Paul R. Ingraham, Esq., for the Worker’s Compensation Trust Fund Peter M. Bancroft, Esq., for Eastern Casualty Insurance Co. Tracey E. Palmer, Esq., for the employer WILSON, J. The Workers’ Compensation Trust Fund appeals from a decision in which an administrative judge found it liable for the payment of compensation benefits to an employee who was injured while working for an uninsured employer. The Trust Fund contends that the decision is contrary to law. It argues 1) that Eastern Casualty Insurance Co., which was on the risk prior to the injury, failed to properly “terminate” the policy in accordance with the provisions of G.L. c. 152, § 65B, and 2) that Eastern Casualty is estopped from denying coverage because it accepted the employer’s premium payment. Because the judge’s subsidiary findings of fact sufficiently support his conclusion that Eastern Casualty properly did not renew its policy of insurance with the employer for non-payment of the renewal premium, and adequately notified the employer of such action, we affirm the decision. The employee suffered an industrial injury on February 20, 1996. Upon being informed by the Department of Industrial Accidents that the employer was not insured for Adelard Fontaine Board No. 000524-96 workers’ compensation claims on the date of injury, the employee instituted a claim against the Trust Fund for payment of compensation benefits.
    [Show full text]
  • Homeowners Endorsements
    HOMEOWNERS ENDORSEMENTS POLICY FORMS AND ENDORSEMENTS FOR FLORIDA Name Description Credit Disclosure Credit Disclosure Notice HO 00 03 04 91 Homeowners 3 Special Form HO 00 04 04 91 Homeowners 4 Contents Broad Form HO 00 06 04 91 Homeowners 6 Unit Owners Form HO 00 08 04 91 Homeowners 8 Modified Coverage Form HO 04 10 04 91 Additional Interests - Residence Premises HO 04 16 04 91 Premises Alarm or Fire Protection System HO 04 30 04 91 Theft Coverage Increase HO 04 40 04 91 Structures Rented To Others - Residence Premises HO 04 41 04 91 Additional Insured - Residence Premises HO 04 42 04 91 Permitted Incidental Occupancies HO 04 48 04 91 Other Structures HO 04 81 12 13 Actual Cash Value Loss Settlement HO 04 94 06 97 (06-07) Exclusion for Windstorm Coverage HO 04 96 04 91 No Coverage for Home Day Care Business HO 17 32 04 91R (06-07) Unit Owners Coverage A - Special Coverage HO 17 33 04 91 Unit Owners Rental to Others HO 23 70 06 97 Windstorm Exterior Paint or Waterproofing Endorsement HO 23 74 12 13 Replacement Cost Loss Settlement Endorsement UPCIC 00 07 (02-12) Sinkhole Loss Coverage - Florida UPCIC 01 03 06 07 Law and Ordinance Increase to 50% UPCIC 03 33 07 08 Limited Fungi, Wet or Dry Rot, or Bacteria UPCIC 04 33 07 08 Limited Fungi, Wet or Dry Rot, or Bacteria UPCIC 04 90 04 91 (06-07) Personal Property Replacement Cost UPCIC 06 03 32 08 Limited Fungi, Wet or Dry Rot, or Bacteria UPCIC 06 33 07 08 (1) Limited Fungi, Wet or Dry Rot, or Bacteria UPCIC 08 33 07 08 Limited Fungi, Wet or Dry Rot, or Bacteria UPCIC 10 01 98 (06-07) Existing Damage Exclusion UPCIC 14 01 98 Amendment of Loss Settlement Condition - Florida UPCIC 16 01 98 Loss Assessment Coverage UPCIC 19 01 98 Windstorm Protective Devices UPCIC 23 12 13 Special Provisions - Florida UPCIC 23 01 16 Special Provisions - Florida UPCIC 25 01 98 (06-07) Hurricane Deductible UPCIC 3 01 98 Outline of Your Homeowner Policy UPCIC Privacy UPCIC Privacy Statement UPCIC SPL (05-08) Swimming Pool Liability Exclusion Universal Property & Casualty Insurance Company 1110 W.
    [Show full text]
  • Torts, Insurance & Compensation Law Section Journal
    NYSBA SUMMER 2015 | VOL. 44 | NO. 1 Torts, Insurance & Compensation Law Section Journal A publication of the Torts, Insurance & Compensation Law Section of the New York State Bar Association Inside • The Common-Law Public Documents Exception to the Hearsay Rule • Business Coverage for Epidemics or Pandemics • Criminalizing Negligence in the NYC Administrative Code • International Law on Airline and Cruise Ship Accidents • Court Holds That State Law Discrimination Claims Against Municipalities Do Not Require Pre-Suit Notice of Claim • The Pitfalls of Subrogation for Insurers • Preparation of the Witness for Depositions NEW YORK STATE BAR ASSOCIATION From the NYSBA Book Store > Section Members get Insurance Law 20% discount* with coupon code Practice PUB8130N Second Edition (w/2014 Supplement)nt) Editors-in-Chiefdhf • Know how to identify and understand the terms of an insurance John M. Nonna, Esq. policy Squire Patton Boggs LLP • Become familiar with several types of insurance, including automobile, New York, NY fi re and property, title, aviation and space Michael Pilarz, Esq. Law Offi ces of Michael Pilarz • Gain the confi dence and knowledge to skillfully represent either an Buffalo, NY insurer or insured, whether it be during the policy drafting stage or a Christopher W. Healy, Esq. claim dispute Reed Smith LLP New York, NY Insurance Law Practice, Second Edition covers almost every insurance- related topic, discussing general principles of insurance contracts, PRODUCT INFO AND PRICES litigation involving insurance contracts, types of insurance policies, 41256 | Book (w/ 2014 supplement) | and other pertinent issues. New and experienced practitioners alike 1,588 pages | loose-leaf, two-volume will benefi t from the practical and comprehensive approach to this complex area of the law.
    [Show full text]
  • Principles of Insurance Law Peter N
    University of Richmond UR Scholarship Repository Law Faculty Publications School of Law 2011 Principles of Insurance Law Peter N. Swisher University of Richmond, [email protected] Follow this and additional works at: http://scholarship.richmond.edu/law-faculty-publications Part of the Insurance Law Commons Recommended Citation Jeffrey W. Stempel et al., Principles of Insurance Law (4th ed., 2011). This Book is brought to you for free and open access by the School of Law at UR Scholarship Repository. It has been accepted for inclusion in Law Faculty Publications by an authorized administrator of UR Scholarship Repository. For more information, please contact [email protected]. PRINCIPLES OF INSURANCE LAW FOURTH EDITION JEFFREY W. STEMPEL Doris S. & Theodore B. Lee Professor of Law William S. Boyd School of Law University of Nevada, Las Vegas PETER N. SWISHER Professor of Law T.C. Williams School of Law University of Richmond ERIK S. KNUTSEN Associate Professor Queen's University Faculty of Law Kingston, Ontario, Canada • . LexisNexis· Preface There have been a number of important developments in liability insurance, property insurance, and life and health insurance that have significantly impacted insurance law. Accordingly, our Fourth Edition of Principles of Insurance Law has been substantially revised and updated in order to offer the insurance law student and practitioner a broad perspective of both traditional insurance law concepts and cutting-edge legal issues affecting contemporary insurance law theory and practice. We have retained .the organization substantially begun in the Third Edition, with fifteen chapters, a division that enables an expanded scope of topical coverage and also segments the law of insurance in a manner more amenable to study, as well as facilitating recombination and reordering of the chapters as desired by individual instructors.
    [Show full text]
  • Insurance Law Page 1 of 2
    Insurance Law Page 1 of 2 Insurance Law involves the regulation of all types of insurance of risk: property, automobile, personal and professional liability, life, health, long-term care, and disability, among others. Most areas of the insurance industry are regulated, so insurance law attorneys should be comfortable with administrative law. Each type of insurance is also covered by regulations specific to its subject area. Health, long-term care, and disability insurance involve health care law. Insurance law attorneys should be experts in contract law and have experience with contract drafting. Corporate law knowledge and transactional skills are useful for insurance law attorneys. A background in alternative dispute resolution (ADR), such as negotiation, mediation, and arbitration, is important. Insurance contracts often use ADR clauses as a way to reduce transaction costs and increase efficiency. And since some types of insurance, such as life, health, and disability insurance, are offered as benefits through employers, employee benefits law is also relevant. For more information about insurance law, see the Legal Information Institute’s Wex encyclopedia “Insurance” page, the American Bar Association’s Tort Trial and Insurance Practice Section, and the International Risk Management Institute. Job Type Typical Duties Federal Agencies Draft and enforce rules and regulations. National Flood Insurance Draft and enforce external and internal policies and procedures. Program (NFIP) Liaise with state regulators and insurance companies. Pension Benefit Guaranty Corporation (PBGC) Federal Jobs State Agencies Provide advice and counsel to state insurance regulators regarding Florida Office of Insurance regulatory issues. Regulation Review applications from insurance companies. State Jobs Work on the issuance of rules, orders, and other legal documents.
    [Show full text]
  • The Cooperative Health Insurance Law Issued by the Royal Decree No
    The Cooperative Health Insurance Law Issued by the Royal Decree No. 10 dated 1/5/1420H(1) Based on the Cabinet of Ministers Resolution No 71 dated 27/4/1420H Published in Umm Qura Gazette, issue No 3762 dated 30 /5/ 1420H Article (1) This law aims at providing and arranging health care for non- Saudis residing in the Kingdom of Saudi Arabia as it may also apply to Saudi citizens as well as others, upon a resolution from the Cabinet of Ministers. Article (2) Cooperative health insurance shall cover all those it applies on and their families in accordance with paragraph ’B” of Article (5). Article (3) Taking into consideration the implementation phases mentioned in paragraph “B” of Article (5) and the requirements of articles (12&13) of this law, whoever sponsors a foreign resident shall be committed to subscribe for him, to the cooperative health insurance. The residence permit [Iqamah] may not be granted or renewed save after obtaining the cooperative health insurance policy that covers residence period. Article (4) A council for health insurance shall be established headed by the Minister of Health and membership of: a- A representative of each of the following Ministries, not less in rank than undersecretary, nominated by their respective commands: Interior, Labor and Social Affairs, Finance and National Economy and the Ministry of Commerce. b- A representative of the Saudi Chambers of Commerce and Industry Council, nominated by the Minister of Commerce, and a representative of the cooperative health insurance companies, to be nominated by the Minister of Finance and National Economy in consultation with the Minister of Commerce.
    [Show full text]
  • AFA30: Allstate Fire and Casualty Insurance Company Auto Policy
    Allstate Fire and S Casualty Insurance CompanyA Auto Policy NEVADA Policy: M Effective: Issued to: P L E D O C U M E AFA30 N T Allstate Fire and Casualty Insurance Company TABLE OF CONTENTS Insured Persons ..............................................11 Definitions ......................................................11 GENERAL ...........................................................2 Exclusions What Is Not Covered ...................11 WhenSAnd Where The Policy Applies ...............2 Payment of Benefits; Autopsy ........................11 Limited Mexico Coverage ................................2 Consent of Beneficiary .................................... 12 Changes ..........................................................2 Proof of Claim; Medical Reports......................12 Duty To Report Policy Changes .......................3 Combining LimAits Of Two Or More Autos Part 4 Automobile Disability Income Protection Prohibited ....................................................3 Coverage CW........................................12 Transfer ..........................................................3 Insuring Agreement.........................................12 Cancellation ................................M ....................3 Insured Persons...............................................12 Termination .....................................................4 Definitions ......................................................12 Payment ..........................................................4 Exclusions What Is Not Covered ...................12
    [Show full text]