signed rejection of stacked uninsured/underinsured motorist
Posted: Tue May 22, 2007 9:14 am
Think we should start charging a fee?
On April 17, the Supreme Court reversed the Superior Court by ruling in Sackett v. Nationwide that Section 1738 of the MVFRL requires an insurer to obtain a signed rejection of stacked uninsured/underinsured motorist coverage each time a new vehicle is added to an existing policy.
As a result of this decision, we must request that you obtain a signed rejection of stacked uninsured/underinsured motorist coverage (ACT 6 Form-only the Stacking Waiver portion of Acord forms 60 & 62 need to be completed) each time a new vehicle is added to a policy currently containing "unstacked" UM/UIM coverage. Absent any signed rejection, we are required to provide stacking of uninsured/underinsured motorist coverage in accordance with the applicable law.
The completed forms must be retained by you in your office subject to the document retention requirements as outlined in your Agency Agreement and Pennsylvania Department of Insurance Notice No. 2005-09.
![Wink :wink:](./images/smilies/icon_wink.gif)
On April 17, the Supreme Court reversed the Superior Court by ruling in Sackett v. Nationwide that Section 1738 of the MVFRL requires an insurer to obtain a signed rejection of stacked uninsured/underinsured motorist coverage each time a new vehicle is added to an existing policy.
As a result of this decision, we must request that you obtain a signed rejection of stacked uninsured/underinsured motorist coverage (ACT 6 Form-only the Stacking Waiver portion of Acord forms 60 & 62 need to be completed) each time a new vehicle is added to a policy currently containing "unstacked" UM/UIM coverage. Absent any signed rejection, we are required to provide stacking of uninsured/underinsured motorist coverage in accordance with the applicable law.
The completed forms must be retained by you in your office subject to the document retention requirements as outlined in your Agency Agreement and Pennsylvania Department of Insurance Notice No. 2005-09.