™Your Policy Risk Impact Agent
23 chapters · 216 sections in this title.
40 Pa.C.S. § 3701 Purpose of chapter
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The purpose of this chapter is to require the complete and proper disclosure, transparency and accountability relating to a method of payment for life insurance death benefits regulated by the Insurance Department.
40 Pa.C.S. § 3702 Definitions
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The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Beneficiary." A person designated to receive the proceeds from a life insurance policy or retained asset account. "Comm…
40 Pa.C.S. § 3703 Death master file comparison
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(a) Comparison.--An insurer shall implement procedures for performing a comparison of its insureds' in-force life insurance policies, contracts and retained asset accounts against the same death master file, on at least a semiannual basis, by using the full death master file once…
40 Pa.C.S. § 3704 Applicability
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This chapter shall not apply to all of the following: (1) An annuity contract that does not require the insurer to pay benefits to the beneficiary of the policy. (2) A policy that provides a death benefit under the Employee Retirement Income Security Act of 1974 (Public Law 93-40…
