40 Pa. Stat. § 488.1
Any member, officer, director, or attorney-in-fact of any company, association, or exchange licensed to do an insurance business in this Commonwealth, who, on behalf of such company, association, or exchange, borrows, rents, hires, leases, or otherwise engages the use of stocks, bonds, debentures, notes, investment certificates, securities, or other obligations or evidences of indebtedness owned or issued by any other corporation, company, association, or individual, or of any government, political subdivision or agency thereof, with intent to injure or defraud any other company, body politic or corporation, or person, or to deceive the Insurance Commissioner or other person legally authorized to examine the affairs of any such company, association, or exchange, is guilty of a felony.
40 P.S. § 488.1