§ 910-33. Surplus
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 910-33
§ 910-33. Surplus
Money over and above capital, other than the unearned premium reserve, may be invested in the following classes of investments:
(1) Any of the classes of investment authorized in section 732 of this article.1
(2) Corporate Stock or Shares. Stock or shares of any solvent corporation, incorporated under the laws of the United States or any state, district or territory thereof, the Commonwealth of Puerto Rico, or of the Dominion of Canada or any province thereof, including the stock of another title insurance company.
(3) Corporate Obligations. Bonds, notes or obligations issued, assumed or guaranteed by any solvent corporation or business trust, incorporated or existing under the laws of the United States or any state, district or territory thereof, the Commonwealth of Puerto Rico, or of the Dominion of Canada or any province thereof.
Credits
1921, May 17, P.L. 682, art. VII, § 733, added 1963, Aug. 14, P.L. 922, § 3.
Footnotes
40 P.S. § 910-32.
40 P.S. § 910-33, PA ST 40 P.S. § 910-33
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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