The volunteer company shall maintain insurance in form and substance satisfactory to, and in amounts required by, the OSFC, evidenced by a certificate of insurance furnished by the volunteer company for the benefit of the OSFC, other encumbrance holders and the volunteer company. The OSFC shall be listed as loss payee on the policy or certificate of insurance. The certificate of insurance shall contain a statement or rider that the insurance company shall give the OSFC 30 days advance notice whenever the amount of insurance coverage or other terms of the insurance are modified or cancelled.
4 Pa. Code § 113.307