§ 910-55. Investment plan
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 910-55
§ 910-55. Investment plan
Any title insurance company subject to the provisions of this act is required to have a formal investment plan which shall be updated on an annual basis as authorized by the board of directors. The investment plan shall include, at a minimum, a description of the investment strategy of the company designed to provide for liquidity and diversity of the investment portfolio. The investment plan, and such other information as the Insurance Department may require in order to determine the impact of the investment plan on the solvency of the company, shall be made available to the Insurance Department during the course of a financial condition examination conducted in accordance with the laws pertaining to the conduct of examinations.
Credits
1921, May 17, P.L. 682, No. 284, art. VII, § 755, added 1992, Dec. 18, P.L. 1519, No. 178, § 16, effective in 120 days.
40 P.S. § 910-55, PA ST 40 P.S. § 910-55
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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