Section 87.2. Purpose

Latest version.

(a) This chapter identifies and prohibits certain acts, practices and contract forms which the Department considers to be unfair, deceptive and unsound methods of transacting the business of life insurance in this Commonwealth, and to establish certain requirements in the solicitation and sale of life insurance buying to the end that policyholders and the insurance-buying public may not be misinformed or misled concerning contracts of life insurance or annuities purchased by them.
(b) This chapter serves the best interests of the public and is not directed at a particular company or group of companies or agent or group of agents.

                    
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