Section 124.11. Exempt commercial purchaser

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For the Department to determine whether a surplus lines licensee has placed business for an exempt commercial purchaser under section 1610(a.1) of the act (40 P. S. § 991.1610(a.1)), the surplus lines licensee shall file, with the Department or its designee, a written declaration reporting the transaction on a form prescribed by the Department.

The provisions of this § 124.11 adopted October 25, 2013, effective November 25, 2013, 43 Pa.B. 6345.

Notation

Authority

The provisions of this § 124.11 issued under sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. § § 66, 186, 411 and 412); and Article XVI of The Insurance Company Law of 1921 (40 P. S. § § 991.1601—991.1626).

                    
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