The Casualty and Surety Rate Regulatory Act (Act of June 11, 1947, P.L. 538, No. 246), complete act (40 P.S. §§ 1181-1199)
Edition and licensing notes
Publisher. Pennsylvania General Assembly, Legislative Data Processing Center (legis.state.pa.us / palegis.us)
Edition. Unconsolidated Statutes of Pennsylvania as published by the Legislative Data Processing Center; the page's own revision stamp reads "2011-11-03 11:55:47 AM".
Status. US state statute; public domain.
What this document is
The Casualty and Surety Rate Regulatory Act (Act of June 11, 1947, P.L. 538, No. 246), complete act (40 P.S. §§ 1181-1199) is a state statute published by Pennsylvania General Assembly, Legislative Data Processing Center (legis.state.pa.us / palegis.us). It is one of the Pennsylvania documents that insurance license exam questions are written from, including pennsylvania property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Casualty and Surety Rate Regulatory Act (Act of June 11, 1947, P.L. 538, No. 246), Section 3(d) (Making of Rates)
“A rate is not unfairly discriminatory because different premiums result for policyholders with like-loss exposures but different expense factors, so long as the rate reflects the differences with reasonable accuracy.”
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