§ 72. Notice of impairment of funds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 72
§ 72. Notice of impairment of funds
Whenever any life insurance company doing business in this Commonwealth has not on hand the net value, as above defined, of all policies in force, after all other debts and claims against it, including fifty per centum of capital, have been provided for, the Insurance Commissioner shall notify such company and its agents to issue no new policies until its funds become equal to its liabilities.
Credits
1921, May 17, P.L. 789, art. III, § 302.
40 P.S. § 72, PA ST 40 P.S. § 72
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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