| (a) Not later than the 15th day after the effective
date of this section, the association must file with the department
policy forms that provide:
(1) that the policy is immediately subject to any surcharge
the commissioner may determine under §5.4126 (relating to Determination
of the Association Surcharge Percentage) of Division 3 of this subchapter;
(2) that the policyholder has 120 days from the date
the policyholder receives the notice described in §5.4189(b)
(relating to Notification Requirements) of Division 3 of this subchapter
to pay the surcharge; and
(3) on the declarations page, a conspicuous notice
in at least 12-point bolded font that the policy may be subject to
an immediate premium surcharge, and that failure to pay will result
in cancellation.
(b) The association must issue only policies that comply
with subsection (a) of this section not later than 60 days after the
department approves the policy forms filed under subsection (a) of
this section.
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