40 Pa. Stat. § 995.1

Current through Pa Acts 2024-35, 2024-56

Section 995.1 - Definitions

As used in this act, the term--

(1) "Assets" includes all the property and rights of every kind of a domestic insurance company, association or exchange.

(2) "Total assets" means the dollar amount of the company's total assets as reported in its most recent convention statement.

(3) "Disposal" includes any sale, transfer, exchange, assignment, alienation or other conveyance of an interest in assets, but does not include a ceding of policies pursuant to a reinsurance contract.

40 P.S. § 995.1

1968, July 31, P.L. 941, No. 288, § 1.