Current through Register Vol. 54, No. 44, November 2, 2024
Section 83.52 - Applicability(a) This subchapter applies to insurance companies authorized to transact the business of life insurance in this Commonwealth as regards solicitation of the sale of insurance on the life of a Commonwealth resident unless excluded in subsection (b). This subchapter equally applies to fraternal benefit societies authorized to transact the business of life insurance in this Commonwealth and employing representatives licensed as agents or brokers or selling life insurance on a direct-response or mail-order basis.(b) This subchapter is not applicable to the following kinds of insurance: (2) Group life insurance.(3) Credit life insurance.(4) Life insurance of less than $5,000.(5) Life insurance on substandard risks.(6) Life insurance issued in connection with qualified funded pension plans and qualified retirement plans.(7) Life insurance issued as a result of a contractual policy change or conversion provision.(8) Life insurance where the cost is borne in whole or in part by the employer of the insured.(9) Policies having a varying face amount, resulting from other than the application of dividends.(10) Variable life insurance.The provisions of this §83.52 amended through December 28, 1979, effective 3/1/1980, 9 Pa.B. 4251.