40 Pa. Stat. § 940
Current through Pa Acts 2024-35, 2024-56
No association of underwriters, authorized to do business in this Commonwealth under the terms hereof, shall expose themselves to loss on any one risk to an amount in excess of one-fifth of their cash and invested assets, including therein the underwriting liability of the individual underwriters, unless any excess shall be promptly reinsured by said underwriters.
40 P.S. § 940