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§ 910-21. Special reinsurance

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 VII. Title Insurance Companies (Refs & Annos)
40 P.S. § 910-21
§ 910-21. Special reinsurance
Currentness
In the event that the risk of a single transaction involving a parcel of real estate situated within this Commonwealth exceeds the total net retention, both primary and secondary, permitted by this article for all title insurance companies authorized to transact business within this Commonwealth, and the total reinsurance available from companies authorized to reinsure risks by section 720 of this act,1 reinsurance may be obtained from companies not authorized to reinsure risks within this Commonwealth with the prior approval in writing of the commissioner.

Credits

1921, May 17, P.L. 682, art. VII, § 721, added 1963, Aug. 14, P.L. 922, § 3.

Footnotes

1
40 P.S. § 910-20.
40 P.S. § 910-21, PA ST 40 P.S. § 910-21
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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