Pennsylvania § 7143 - Adoption of exemption standards of NAIC Valuation Manual.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7143 — Adoption of exemption standards of NAIC Valuation Manual., with citation guidance and answers to common questions.
§ 7143. Adoption of exemption standards of NAIC Valuation Manual.
(a) Findings and declarations.--The General Assembly finds and declares that the work of NAIC and the participation of the commissioner in NAIC are essential to the general implementation of this chapter.
(b) Standards.--To effectuate the decision as to whether to exempt certain policies, certificates or products of a particular company from certain provisions of the NAIC Valuation Manual, the commissioner shall determine, on an annual basis, whether to adopt the standards for exemption specified in the most recent version of the NAIC Valuation Manual by submitting a statement of policy to the Legislative Reference Bureau for publication in the next available issue of the Pennsylvania Bulletin.
(c) Statement of policy.--A statement of policy issued under subsection (b) shall be exempt from the following:
(1) Section 205 of the act of July 31, 1968 (P.L.769, No.240), referred to as the Commonwealth Documents Law.
(2) Section 204(b) and 301(10) of the act of October 15, 1980 (P.L.950, No.164), known as the Commonwealth Attorneys Act.
(3) The act of June 25, 1982 (P.L.633, No.181), known as the Regulatory Review Act.
(d) Construction.--Nothing in this section shall affect any other provision in this chapter or apply to any action taken by the department prior to the effective date of this section.
(June 14, 2023, P.L.4, No.2, eff. imd.)
2023 Amendment. Act 2 added section 7143.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 7143
What does Pennsylvania Consolidated Statutes § 7143 cover?
Section 7143 ("Adoption of exemption standards of NAIC Valuation Manual.") 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 § 7143?
A common citation format is "Pennsylvania Consolidated Statutes § 7143" (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 § 7143 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.