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§ 962. Corporations authorized to exchange contracts

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article X. Reciprocal and Inter-Insurance Exchanges (Refs & Annos)
40 P.S. § 962
§ 962. Corporations authorized to exchange contracts
Any corporation, now or hereafter organized under the laws of this Commonwealth, shall, in addition to the rights, powers, and franchises specified in its article of incorporation, have full power and authority to exchange insurance contracts of the kind and character herein mentioned. The right to exchange such contracts is hereby declared to be incidental to the purpose for which such corporations are organized and as much granted as the rights and powers expressly conferred.

Credits

1921, May 17, P.L. 682, art. X, § 1002.
40 P.S. § 962, PA ST 40 P.S. § 962
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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