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§ 323.13-A. Dissolution

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: July 23, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 1. Insurance Department (Refs & Annos)
Article IX-a. Pennsylvania Professional Liability Joint Underwriting Association (Refs & Annos)
Subarticle B. Oversight and Duties (Refs & Annos)
Effective: July 23, 2018
40 P.S. § 323.13-A
§ 323.13-A. Dissolution
Currentness
(a) General.--The association may be dissolved as follows:
(1) At the request of a majority of the members of the association and as approved by the commissioner.
(2) By act of the General Assembly.
(b) Distribution of assets.--Upon dissolution of the association under this section, all assets of the association, from whatever source, shall be distributed as the board may determine, subject to the approval of the commissioner.

Credits

1921, May 17, P.L. 789, No. 285, art. IX-A, § 913-A, added 2018, June 22, P.L. 273, No. 41, § 3, effective in 30 days [July 23, 2018].
40 P.S. § 323.13-A, PA ST 40 P.S. § 323.13-A
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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