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§ 488.1. Borrowing or renting securities

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)
Article III. General Provisions Relating to Insurance Companies, Associations, and Exchanges (Refs & Annos)
40 P.S. § 488.1
§ 488.1. Borrowing or renting securities
Any member, officer, director, or attorney-in-fact of any company, association, or exchange licensed to do an insurance business in this Commonwealth, who, on behalf of such company, association, or exchange, borrows, rents, hires, leases, or otherwise engages the use of stocks, bonds, debentures, notes, investment certificates, securities, or other obligations or evidences of indebtedness owned or issued by any other corporation, company, association, or individual, or of any government, political subdivision or agency thereof, with intent to injure or defraud any other company, body politic or corporation, or person, or to deceive the Insurance Commissioner or other person legally authorized to examine the affairs of any such company, association, or exchange, is guilty of a felony.

Credits

1968, April 17, P.L. 95, No. 45, § 1.
40 P.S. § 488.1, PA ST 40 P.S. § 488.1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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