Pennsylvania § 6103 Exemptions applicable to certified hospital plan corporations

Pennsylvania Statutes

§ 6103 — Exemptions applicable to certified hospital plan corporations

Pennsylvania·Title 40 INSURANCE·Part PART III·Ch. 61 HOSPITAL PLAN CORPORATIONS·Subch. PRELIMINARY PROVISIONS AND CERTIFICATION

(a)General insurance laws.--A hospital plan corporation holding a certificate of authority under this chapter shall not be subject to the laws of this Commonwealth now in force relating to the business of insurance, and no statute hereafter enacted relating to the business of insurance shall apply to such a corporation unless such statute shall specifically refer and apply to a corporation subject to this chapter.

(b)Tax laws.--Every hospital plan corporation holding a certificate of authority under this chapter is hereby declared to be a charitable and benevolent institution, and all its funds and investments shall be exempt from taxation by the Commonwealth and its political subdivisions.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) General insurance laws.--A hospital plan corporation holding a certificate of authority under this chapter shall not be subject to the laws of this Commonwealth now in force relating to the business of insurance, and no statute hereafter enacted relating to the business of insurance shall apply to such a corporation unless such statute shall specifically refer and apply to a corporation subject to this chapter.

(b) Tax laws.--Every hospital plan corporation holding a certificate of authority under this chapter is hereby declared to be a charitable and benevolent institution, and all its funds and investments shall be exempt from taxation by the Commonwealth and its political subdivisions.

Pennsylvania § 6103 (Exemptions applicable to certified hospital plan corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.