40 Pa. Stat. § 221.21

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 221.21 - Continuance of coverage

All insurance in effect at the time of issuance an order of liquidation shall continue in force only with respect to the risks in effect, at that time (i) for a period of thirty days from the date of entry of the liquidation order; (ii) until the normal expiration of the policy coverage; (iii) until the insured has replaced the insurance coverage with equivalent insurance in another insurer or otherwise terminated the policy; or (iv) until the liquidator has effected a transfer of the policy obligation pursuant tosection 523(8) , whichever time is less.

40 P.S. § 221.21

1921, May 17, P.L. 789, art. V, § 521, added 1977, Dec. 14, P.L. 280, No. 92, § 2, imd. effective.