L&HPennsylvaniamedium
PA life insurers that are members of an insurance holding company system must comply with which PA statute requiring registration and disclosure of intercompany transactions?
A40 P.S. § 510 (mandatory provisions)
B40 P.S. § 1171.5 (Unfair Insurance Practices Act, governing deceptive trade practices)
C31 Pa. Code Ch. 81 (Replacement Regulation, governing policy replacement disclosures)
40 P.S. § 991.1401 et seq. (Insurance Holding Companies Act)
Why this is the answer
PA's Insurance Holding Companies Act, codified beginning at 40 P.S. § 991.1401, requires domestic insurers in a holding system to register with the PID, file an annual enterprise-risk report, and obtain Commissioner approval for material transactions between affiliates.
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