40 Pa. Stat. § 156

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 156 - Reserve fund to be a trust fund

It is the intent and purpose of this section that the reserve fund hereby directed to be set aside shall constitute a separate and distinct trust fund for the protection of policy holders, and shall not be subject to distribution among depositors or other creditors, until all policy holders have been paid in full, or the liability on the policies contingent or actual has been completely discharged.

40 P.S. § 156

1929, April 26, P.L. 834, § 1(f).