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§ 1600.401. Basic property insurance assessment

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 7. Basic Property Insurance (Refs & Annos)
Article IV. Basic Property Insurance Assessment
40 P.S. § 1600.401
§ 1600.401. Basic property insurance assessment
Currentness
In order to provide for the payment of the principal of and interest on bonds of the authority, issued pursuant to section 306 of this act,1 an assessment is hereby levied on each insurer which is a member of the Industry Placement Facility. The amount of such assessment shall be two per cent of the aggregate gross premiums received by such insurer for policies of basic property insurance, or any component thereof, including homeowners and commercial multiple peril policies, written within this Commonwealth.

Credits

1968, July 31, P.L. 738, No. 233, art. IV, § 401.

Footnotes

1
40 P.S. § 1600.306.
40 P.S. § 1600.401, PA ST 40 P.S. § 1600.401
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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