§ 82.74. Warning statements for flexible premium policies.
For flexible premium policies, a report shall be sent to the policyholder if the amounts available under the policy on a policy processing day to pay the charges authorized by the policy are less than the amount necessary to keep the policy in force until the next following policy processing day. The report shall indicate the minimum payment required under the terms of the policy to keep it in force and the length of the grace period for payment of that amount.
Source The provisions of this § 82.74 adopted April 28, 1989, effective April 29, 1989, 19 Pa.B. 1835; corrected June 30, 1989, effective retroactive to April 29, 1989, 19 Pa.B. 2754. Immediately preceding text appears at serial page (137059).
Cross References This section cited in 81 Pa. Code § 82.17 (relating to reports to the Commissioner); 31 Pa. Code § 82.24 (relating to mandatory policy provisions); 31 Pa. Code § 82.25 (relating to policy loan provisions); and 31 Pa. Code § 82.71 (relating to mailing).
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