§ 513. Proceeds of annuities and policies retained at maturity part of general corporate funds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 513
§ 513. Proceeds of annuities and policies retained at maturity part of general corporate funds
Whenever, under the terms of any annuity or policy of life insurance, or under any written agreement supplemental thereto, issued by any stock or mutual life insurance company incorporated by and doing business in this State, the proceeds are retained by such company at maturity or otherwise, such company shall not be required to segregate such funds, but may hold such funds as part of its general corporate funds.
Credits
1921, May 17, P.L. 682, art. IV, § 413.
40 P.S. § 513, PA ST 40 P.S. § 513
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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