Coverage gap closes for Pennsylvania member agents, clients
Priority workers' comp bill passes
Contact:
Karen Robison
(717) 795-9100, Ext. 606
HARRISBURG, Pa. (June 24, 2011) – Independent agents and their clients will enjoy increased flexibility thanks to passage of HB 440. Insurance Agents & Brokers of Pennsylvania's priority workers' compensation legislation will extend coverage to members of an LLC and partners of a partnership.
The state House approved the bill in a June 24 concurrence vote, which sends it to Gov. Tom Corbett's desk. Following his signature, the law will take effect in 90 days.
"Passage of this legislation is a significant victory for member agents and their clients," said Tim Burris, chairman of IA&B of Pennsylvania. "LLCs and partnerships are growing business models, and before this, they were exempted from compulsory coverage in the Workers' Compensation Act."
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Insurance Agents & Brokers of Pennsylvania delivers preeminent programs, products and services to nearly 1,300 member agencies. Led by dedicated agent volunteers and staffed by 40 professionals, IA&B is recognized and respected nationally for its industry-leading efforts in agent professional development, advocacy, industry information and knowledge base, communications and more. IA&B is affiliated with the National Association of Professional Insurance Agents and the Independent Insurance Agents & Brokers of America.
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