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§ 221.7. Bonds

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 1. Insurance Department (Refs & Annos)
Article V. Suspension of Business--Involuntary Dissolutions (Refs & Annos)
(a) General Provisions
40 P.S. § 221.7
§ 221.7. Bonds
Currentness
In any proceeding under this article, the commissioner and his deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may at any time require an additional bond from the commissioner or his deputies. Such additional bond shall be paid for out of the assets of the insurer as a cost of administration.

Credits

1921, May 17, P.L. 789, art. V, § 507, added 1977, Dec. 14, P.L. 280, No. 92, § 2, imd. effective.
40 P.S. § 221.7, PA ST 40 P.S. § 221.7
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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