PENNSYLVANIA, June 11 - PRIOR PRINTER'S NO. 1688

PRINTER'S NO. 1716

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1241

Session of

2024

INTRODUCED BY GEBHARD AND ROTHMAN, JUNE 5, 2024

SENATOR DiSANTO, BANKING AND INSURANCE, AS AMENDED,

JUNE 11, 2024

AN ACT

Amending the act of May 17, 1921 (P.L.789, No.285), entitled "An

act, relating to insurance; establishing an insurance

department; and amending, revising, and consolidating the law

relating to the licensing, qualification, regulation,

examination, suspension, and dissolution of insurance

companies, Lloyds associations, reciprocal and inter-

insurance exchanges, and certain societies and orders, the

examination and regulation of fire insurance rating bureaus,

and the licensing and regulation of insurance agents and

brokers; the service of legal process upon foreign insurance

companies, associations or exchanges; providing penalties,

and repealing existing laws," in insurance producers, further

providing for definitions, for powers and duties of

department, for license prerequisites and for licensing.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. The definition of "candidate" in section 601-A of

the act of May 17, 1921 (P.L.789, No.285), known as The

Insurance Department Act of 1921, is amended to read:

Section 601-A. Definitions.

The following words and phrases when used in this article

shall have the meanings given to them in this section unless the

context clearly indicates otherwise:

* * *

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24