Pennsylvania § 6342 Insurance

Pennsylvania Statutes

§ 6342 — Insurance

Pennsylvania § 6342

JurisdictionPennsylvania

Title 12COMMERCE AND TRADE

PartPART V

Ch. 63GOODS AND SERVICES INSTALLMENT SALES

Subch.COSTS AND CHARGES

This text of Pennsylvania § 6342 (Insurance) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 Pa. Cons. Stat. § 6342 (2026).

Text

(a)Compliance with law.--The following shall comply with the act of September 2, 1961 (P.L.1232, No.540), known as the Model Act for the Regulation of Credit Life Insurance and Credit Accident and Health Insurance:

(1)The seller and buyer, if:

(i)the cost of the insurance is included in the closed-end credit agreement; and

(ii)a separate charge is made to the buyer for the insurance.

(2)The seller or holder, if the insurance is to be procured by the seller or holder under an open-end credit agreement.

(b)Separate charge; agreement.--

(1)If the cost of insurance is to be separately charged to the buyer under an open-end credit agreement, the buyer and seller must so specify in a signed agreement.

(2)A copy of the agreement under paragraph (1) shall be given or furnished to th

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(a) Compliance with law.--The following shall comply with the act of September 2, 1961 (P.L.1232, No.540), known as the Model Act for the Regulation of Credit Life Insurance and Credit Accident and Health Insurance:

(1) The seller and buyer, if:

(i) the cost of the insurance is included in the closed-end credit agreement; and

(ii) a separate charge is made to the buyer for the insurance.

(2) The seller or holder, if the insurance is to be procured by the seller or holder under an open-end credit agreement.

(b) Separate charge; agreement.--

(1) If the cost of insurance is to be separately charged to the buyer under an open-end credit agreement, the buyer and seller must so specify in a signed agreement.

(2) A copy of the agreement under paragraph (1) shall be given or furnished to the buyer.

(3) The agreement shall state whether the insurance is to be procured by the buyer, seller or holder.