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Regulation31 Pa. Code § 124.7

Unique forms of coverages.

Pennsylvania · PAID
First seen July 21, 2026 · last checked July 21, 2026
Version history
v1fetched Jul 21, 2026ab6c4ec35cee
Full text
Public law · full text
1
Under section 1604(2)(iii) of the act (40 P. S. § 991.1604(2)(iii)), surplus lines insurance may be procured through a surplus lines licensee from nonadmitted insurers if the kind of insurance sought to be obtained from admitted insurers requires a unique form of coverage not available in the admitted market. Within 45 calendar days after a unique form of coverage has been placed, the surplus lines licensee shall file with the Department or its designee, a written declaration reporting the transaction on a form prescribed by the Department.