Pennsylvania Code
Title 31 - INSURANCE
Part I - General Provisions
Subpart E - Advertising of Insurance
Chapter 51 - GENERAL PROVISIONS
Subchapter B - COMPLIANCE STANDARDS
COMPLIANCE STANDARDS FOR AUTOMOBILE INSURANCE
Section 51.61 - Offer to quote premium rate
Current through Register Vol. 54, No. 44, November 2, 2024
An advertisement for automobile liability or physical damage insurance coverage may not invite a prospective insured to apply for a quotation of a premium rate which the company would charge for the insurance unless:
(1) It is the company's intent and actual practice to render the quotation to each prospective insured who applies, to honor the quote with an offer of insurance.
(2) If it is the company's intent and actual practice to refuse to render a quote to certain individuals or classes of individuals for any reason, the advertisement shall clearly and conspicuously disclose in prominent type, "WE RESERVE THE RIGHT TO REFUSE TO QUOTE ANY INDIVIDUAL A PREMIUM RATE FOR THE INSURANCE ADVERTISED HEREIN," and on the application for such quotation immediately in bold type or contrasting color state: "Do you understand that the company reserves the right to refuse to give you a quotation for automobile insurance; YES NO ?".
(3) If it is the company's intent and actual practice to offer a quotation to applicants who meet its underwriting requirements and not to offer a quotation to those who do not appear to meet the company's underwriting requirements, the company shall consider such refusal to render a quote as a refusal to write as defined in the act of June 5, 1968 (P. L. 140, No. 78) (40 P. S. §§ 1008.1-1008.11) and comply with the act.
