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§ 995.1. Definitions

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)
Reporting Conveyances of Assets and Reinsurance
40 P.S. § 995.1
§ 995.1. Definitions
Currentness
As used in this act, the term--
(1) “Assets” includes all the property and rights of every kind of a domestic insurance company, association or exchange.
(2) “Total assets” means the dollar amount of the company's total assets as reported in its most recent convention statement.
(3) “Disposal” includes any sale, transfer, exchange, assignment, alienation or other conveyance of an interest in assets, but does not include a ceding of policies pursuant to a reinsurance contract.

Credits

1968, July 31, P.L. 941, No. 288, § 1.
40 P.S. § 995.1, PA ST 40 P.S. § 995.1
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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