Pennsylvania § 6342 - Insurance.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 6342 — Insurance., with citation guidance and answers to common questions.
§ 6342. Insurance.
(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.
Cross References. Section 6342 is referred to in sections 6302, 6327, 6347 of this title.
Frequently Asked Questions About Pennsylvania § 6342
What does Pennsylvania Consolidated Statutes § 6342 cover?
Section 6342 ("Insurance.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 6342?
A common citation format is "Pennsylvania Consolidated Statutes § 6342" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 6342 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.