31 Pa. Code § 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.
Notes
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