§ 59.4a. Reasons for cancellation of insurance policies.
In addition to the statutorily permitted bases for cancellation of a policy of insurance found at section 5(a)(9) of the Unfair Insurance Practices Act (40 P. S. § 1171.5(a)(9)), an insurer may cancel any policy other than a policy insuring farm risks when the property insured would not meet the eligibility requirements for insurance of the Insurance Placement Facility of Pennsylvania (Fair Plan) then in effect.
Authority The provisions of this § 59.4a issued under The Insurance Company Law of 1921 (40 P. S. § § 1—321); The Insurance Department Act of 1921 (40 P. S. § § 344—991); The Administrative Code of 1929 (71 P. S. § § 66, 186, 411, and 412); act of June 5, 1968 (P. L. 140, No. 78) (40 P. S. § § 1008.1—1008.11); and section 5(a)(9) of the Unfair Insurance Practices Act (40 P. S. § 1171.5(a)(9)).
Source The provisions of this § 59.4a adopted October 29, 1982, effective October 30, 1982, 12 Pa.B. 3818.
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