40 Pa. Stat. § 1001

Current through Pa Acts 2024-35, 2024-56
Section 1001 - Companies which may transact business outside country; exceptions; policyholders' surplus

Domestic stock and mutual insurance companies, other than life, may transact outside of the United States, its territories and possessions, any and all forms of insurance or reinsurance, other than life insurance or annuities, on risks outside of the United States, its territories and possessions, provided that any such company shall maintain a minimum policyholders' surplus of two million dollars ($2,000,000.00).

40 P.S. § 1001

1945, May 16, P.L. 587, No. 242, § 1.