§ 940. Maximum amounts of risks
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 940
§ 940. Maximum amounts of risks
No association of underwriters, authorized to do business in this Commonwealth under the terms hereof, shall expose themselves to loss on any one risk to an amount in excess of one-fifth of their cash and invested assets, including therein the underwriting liability of the individual underwriters, unless any excess shall be promptly reinsured by said underwriters.
Credits
1921, May 17, P.L. 682, art. IX, § 910.
40 P.S. § 940, PA ST 40 P.S. § 940
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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