Current through Register Vol. 54, No. 45, November 9, 2024
Section 271.388 - Insurance pool-municipalities and municipal authoritiesAn applicant may enter an insurance pool in accordance with 42 Pa.C.S. § 8564(d) (relating to liability insurance and self-insurance) which meets the following requirements:
(1) If the insurance pool is of the type that the applicant is coinsured under a master policy issued by a commercial insurer, the master policy shall meet the requirements of §§ 271.371 and 271.372 (relating to insurance requirement; and conditions of insurance).(2) If the insurance pool is of the type that the applicant is a participant in a trust fund, established to meet the requirements of § 271.381 (relating to financial assurances requirements), the trust fund shall be established in accordance with 42 Pa.C.S. § 8564(d) and shall contain terms and conditions so that the coverage provided meets the requirements of § 271.383 (relating to commercial insurance; general requirements-municipalities and municipal authorities).The provisions of this §271.388 adopted September 13, 1991, effective 9/14/1991, 21 Pa.B. 4179. This section cited in 25 Pa. Code § 271.382 (relating to forms of financial assurances-municipalities and municipal authorities).