Pennsylvania SB 578: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in corporate net income tax, further providing for the definition of "taxable income."

Bill Text

PRINTER'S NO. 586
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 578
Session of
2025
INTRODUCED BY GEBHARD, LAUGHLIN, PHILLIPS-HILL AND ROTHMAN,
APRIL 9, 2025
REFERRED TO BANKING AND INSURANCE, APRIL 9, 2025
AN ACT
Amending Title 75 (Vehicles) of the Pennsylvania Consolidated
Statutes, in financial responsibility, further providing for
availability, scope and amount of coverage, repealing
provisions relating to request for lower limits of coverage,
providing for offer of lower limits of coverage, repealing
provisions relating to coverages in excess of required
amounts and to stacking of uninsured and underinsured
benefits and option to waive, providing for stacking of
uninsured and underinsured benefits prohibited and further
providing for notice of available benefits and limits and for
availability of uninsured, underinsured, bodily injury
liability and property damage coverages and mandatory
deductibles.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1731(a) of Title 75 of the Pennsylvania
Consolidated Statutes is amended to read:
§ 1731. Availability, scope and amount of coverage.
(a) Mandatory offering.--No motor vehicle liability
insurance policy shall be delivered or issued for delivery in
this Commonwealth, with respect to any motor vehicle registered
or principally garaged in this Commonwealth, unless uninsured
motorist and underinsured motorist coverages are offered therein
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or supplemental thereto in amounts as provided in section [1734
(relating to request for lower limits of coverage). Purchase]
1734.1 (relating to offer of lower limits of coverage). The
election of uninsured motorist and underinsured motorist
coverages is optional.
* * *
Section 2. Section 1734 of Title 75 is repealed:
[§ 1734. Request for lower limits of coverage.
A named insured may request in writing the issuance of
coverages under section 1731 (relating to availability, scope
and amount of coverage) in amounts equal to or less than the
limits of liability for bodily injury.]
Section 3. Title 75 is amended by adding a section to read:
§ 1734.1. Offer of lower limits of coverage.
(a) Stacking prohibited.--An insurer may not stack uninsured
and underinsured motorist coverage in a motor vehicle liability
insurance policy delivered or issued for delivery in this
Commonwealth to determine the limit of the coverage available to
an insured for injuries sustained in an accident.
(b) New policies.--
(1) On an initial application, an insurer that issues to
a named insured a motor vehicle liability insurance policy
delivered or issued for delivery in this Commonwealth shall
offer uninsured and underinsured motorist coverage in an
amount equal to the bodily injury liability limits elected.
An insurer shall make available and a named insured may
select amounts of uninsured and underinsured motorist
coverage lower than the bodily injury liability limits
elected. An insurer may make available amounts of uninsured
and underinsured motorist coverage higher than the bodily
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injury liability limits elected.
(2) On an initial application, a named insured shall be
conclusively presumed to have elected uninsured and
underinsured motorist coverage equivalent to that elected by
a named insured for bodily injury unless the uninsured and
underinsured motorist coverage was rejected on the policy in
accordance with section 1731 (relating to availability, scope
and amount of coverage) or elected in a different amount by a
named insured.
(c) Renewed policies.--
(1) Unless another amount is selected in writing by a
named insured or otherwise provided in accordance with this
chapter, for a policy renewing on or after one year from the
effective date of this paragraph an insurer shall renew the
policy to include equivalent amounts of uninsured and
underinsured motorist coverage, if any, as elected by the
named insured in the policy being superseded .
(2) Subje ct to paragraph (1), a rejection or reduction
of uninsured or underinsured benefits on a policy by a named
insured before the effective date of this paragraph shall
remain valid.
(3) For the purposes of paragraph (1), equivalent
amounts of uninsured and underinsured motorist coverage shall
not include coverage limits under more than one policy.
(d) Elections.--An election made or deemed to be made on
initial application or at a renewal shall remain in effect
throughout the lifetime of the policy until affirmatively
changed by the named insured.
( e) Notice of coverage.--
(1) No later than the initial issuance or initial
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renewal of a motor vehicle liability insurance policy, in the
first year 180 days after the effective date of this
paragraph, an insurer shall provide in writ