§ 871. Licensing of foreign mutual casualty insurance companies
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 871
§ 871. Licensing of foreign mutual casualty insurance companies
A mutual casualty insurance company, organized under the laws of any other state or country, and having by its charter the power to transact the insurance business specified in section two hundred two, subdivision (c),1 in order to be licensed to transact the classes of business mentioned in section two hundred two, sub-paragraph (c) shall have a surplus over all liabilities, including unearned premium and loss reserves, of not less than the capital required of a domestic stock company to transact the same kinds of insurance.
Credits
1921, May 17, P.L. 682, art. VI, § 675, added 1935, July 12, P.L. 961, § 1.
Footnotes
40 P.S. § 382.
40 P.S. § 871, PA ST 40 P.S. § 871
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
| End of Document |