§ 394. Commissioner may require different reserves
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 77 P.S. Workers’ Compensation
77 P.S. § 394
§ 394. Commissioner may require different reserves
Whenever, in the judgment of the Insurance Commissioner, the liability or compensation loss reserves of any insurer under his supervision, calculated in accordance with the foregoing provisions, are inadequate, he may, in his discretion, require such insurer to maintain additional reserves based upon estimated individual claims or otherwise; or whenever a satisfactory mathematical or actuarial table for valuing compensation loss reserves is promulgated and approved by the Insurance Commissioner, he may require any insurer under his supervision to maintain, upon such tabular basis, greater or lesser reserves than those hereinbefore provided for.
Credits
1919, June 9, P.L. 437, § 3.
77 P.S. § 394, PA ST 77 P.S. § 394
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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