Source: https://www.legis.state.pa.us/CFDOCS/Legis/PN/Public/btCheck.cfm?txtType=HTM&sessyr=2017&sessInd=0&billbody=S&billTyp=B&billNbr=1205&pn=1848
Timestamp: 2019-04-20 04:24:04+00:00

Document:
3901. Purposes and scope of chapter.
§ 3901. Purposes and scope of chapter.
"Board." The board of directors of the filing entity.
accordance with the requirements of this chapter.
"Department." The Insurance Department of the Commonwealth.
No.284), known as The Insurance Company Law of 1921.
1401 of the Insurance Company Law.
the business of insurance in this Commonwealth.
or successor organization and its affiliates and subsidiaries.
to shareholders or providing information to regulators.
§ 3903. Submittal of CGAD.
accordance with the laws of the lead state.
department upon the commissioner's request.
previously filed CGAD indicating where changes have been made.
reported by the filing entity, the filing should so state.
§ 3904. Contents of CGAD.
comprehensiveness of a company's CGAD.
such as bylaws, charters or informal mandates.
(vi) The structure of the board's leadership.
functional counterparts within the organization.
information on board member attendance.
is in place and, if so, how it functions.
including any board or committee training programs.
procedures to monitor and evaluate such changes.
any illegal or unethical behavior.
neither encourage nor reward excessive risk taking.
in the filing entity's compensation programs.
objectives are met by incentivizing its employees.
(J) Market conduct decision-making processes.
(5) Any other information as specified by regulation.
the request of the department.
factors are coordinated and exercised.
corporate governance duties would be placed.
subsequent changes in level of reporting.
§ 3905. Review of CGAD.
an insurance group, the department.
reference the document in which the information is included.
of the insurer or insurance group.
review the report is available within the department.
and shall act in a purely advisory capacity.
provided under this chapter public.
the confidentiality and security of CGAD-related information.
the direction and approval of the department.
after the underlying analysis is completed.
the possession of the NAIC or third-party consultant.
that was shared under this chapter.
applicable privilege or claim of confidentiality.
evidence in a private civil action.
§ 3909. Rules and regulations.
orders necessary to administer and enforce this chapter.
addition to those required under applicable State corporate law.
(1) The provisions of this chapter are severable.
applications of this chapter are void.
§ 7142. Small company exemption.
secondary guarantee universal life product.

References: § 3901

§ 3903

§ 3904

§ 3905

§ 3909

§ 7142