40 Pa. Stat. § 131

Current through Pa Acts 2024-52, 2024-56
Section 131 - Notice of impairment of funds

Having charged as a liability the reinsurance and loss reserves as above defined for insurance companies and exchanges of this Commonwealth other than life insurance companies, and adding thereto all other debts and claims against the company or exchange, the commissioner shall, in case he finds the capital or reserve of the company or exchange impaired to any degree, give notice to the company or exchange to make good the capital or reserve within thirty days.

40 P.S. § 131

1921, May 17, P.L. 789, art. III, § 321. Amended 1977, Dec. 1, P.L. 241, No. 77, § 1, imd. effective.