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§ 12430. Insurance

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 11 Pa.C.S.A. CitiesEffective: January 25, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 11 Pa.C.S.A. Cities
Part V. Third Class Cities (Refs & Annos)
Chapter 124. Corporate Powers
Effective: January 25, 2016
11 Pa.C.S.A. § 12430
Formerly cited as PA ST 53 P.S. § 37430Formerly cited as PA ST 53 P.S. § 37403
§ 12430. Insurance
(a) Contracts authorized.--Council, in its discretion or as required by law or a collective bargaining agreement, may make contracts of insurance and contracts for annuities or pensions, including the following:
(1) Contracts of insurance with any mutual or other fire insurance company, association or exchange, duly authorized by law to transact insurance business in this Commonwealth, on any building or property owned by the city and contracts to insure against burglary or theft of city property, fire, other disaster and public liability.
(2) Contracts of insurance with any insurance company, nonprofit hospitalization corporation or nonprofit medical service corporation authorized to transact insurance business within this Commonwealth, insuring elected or appointed officers, officials and employees of the city, or their dependents, under a policy or policies of group insurance covering life, health, hospitalization, medical service or accident insurance.
(3) Contracts to purchase annuities or pensions for elected or appointed officers, officials and employees.
(b) Payment of premium and charges.--In the case of a contract for the benefit of elected or appointed officers, officials and employees of the city, or their dependents, the city may, as determined by council or as required by law or a collective bargaining agreement, pay part or all of the premiums or charges for the contract.

Credits

2015, Nov. 24, P.L. 242, No. 67, § 1, effective in 60 days [Jan. 25, 2016].
11 Pa.C.S.A. § 12430, PA ST 11 Pa.C.S.A. § 12430
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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