40 Pa. Stat. § 153
Current through P.A. Acts 2024-18
The custody of said reserve fund shall be retained by the company, and the fund shall be kept separate and apart from other assets of the company in the manner hereinafter provided. The secretary is hereby required, from time to time, to make investigation to ascertain that a reserve fund equal to the amount required by clause (b) of this section is so maintained. Should any company neglect or refuse to establish or maintain such reserve fund, as herein provided, the secretary shall, by an order under his hand and seal of office, direct said company either to comply with the provisions of this section or to discontinue doing a title insurance business.
40 P.S. § 153