§ 113.82. Notice of premium increase.
(a) Insurers shall provide the named insured advance notice of any increase in renewal premium at least 30 days before the upcoming policy renewal date.
(b) An insurer may authorize its agents to provide the notice of premium increase to the named insured. The insurer is responsible for the agent’s failure to provide a notice of premium increase 30 days or more in advance of policy renewal.
(c) A notice of premium increase shall be provided to the named insured when a policy is issued by an insurer of a group of affiliated insurers that supersedes a policy issued by an insurer from the same group of affiliated insurers, and the premium will increase as a result of the superseding policy.
(d) Insurers are responsible for documenting that advance notice was provided to the named insured. Insurers may satisfy this requirement by doing one of the following:
(1) Maintaining a copy of the advance written notice provided to the named insured.
(2) Documenting its file to reflect the date and time advance notice was provided to the named insured.
(3) Providing documentation from its agent reflecting compliance with either paragraph (1) or (2).
(4) Providing other documentation such as renewal offers or other methods which are accepted and common within the industry as would reasonably demonstrate compliance. The documentation will be evaluated at the sole discretion of the Department.
Source The provisions of this § 113.82 amended March 27, 1998, effective March 28, 1998, 28 Pa.B. 1518. Immediately preceding text appears at serial page (231812).
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