§ 131. Notice of impairment of funds
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 131
§ 131. Notice of impairment of funds
Having charged as a liability the reinsurance and loss reserves as above defined for insurance companies and exchanges of this Commonwealth other than life insurance companies, and adding thereto all other debts and claims against the company or exchange, the commissioner shall, in case he finds the capital or reserve of the company or exchange impaired to any degree, give notice to the company or exchange to make good the capital or reserve within thirty days.
Credits
1921, May 17, P.L. 789, art. III, § 321. Amended 1977, Dec. 1, P.L. 241, No. 77, § 1, imd. effective.
40 P.S. § 131, PA ST 40 P.S. § 131
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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