Pennsylvania Code
Title 31 - INSURANCE
Part VIII - Miscellaneous Provisions
Chapter 160 - STANDARDS TO DEFINE INSURERS DEEMED TO BE IN HAZARDOUS FINANCIAL CONDITION
Section 160.1 - Purpose

Universal Citation: 31 PA Code ยง 160.1
Current through Register Vol. 54, No. 44, November 2, 2024

This chapter sets forth the standards which the Commissioner may use for identifying insurers found to be in a condition that renders the continuance of their business financially hazardous to the general public, holders of their policies or certificates of insurance, or creditors.

The provisions of this §160.1 amended under sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P.S. §§ 66, 186, 411 and 412); sections 5.1 and 10 of the Health Maintenance Organization Act (40 P.S. §§ 1555.1 and 1560); and sections 2456 and 2457 of The Insurance Company Law of 1921 (40 P.S. §§ 991.2456 and 991.2457).

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