Section 671 - Licensing of foreign mutual companies(a) A mutual fire, mutual marine, or mutual fire and marine insurance company of another State which had been originally licensed to transact business in this Commonwealth prior to and was transacting business in this Commonwealth on June twenty-third, one thousand nine hundred and thirty-one, may be relicensed to transact the class of business mentioned in clause (1) subdivision (b) of section two hundred and two (202) of this act when it has a surplus over all liabilities, including unearned premiums, computed in accordance with the laws of this Commonwealth of not less than one hundred thousand dollars ($100,000), or has continuously transacted business for not less than five years and has a surplus over all liabilities of not less than fifty thousand dollars ($50,000). If to transact the classes of business mentioned in clauses (2) and (3) of subdivision (b), section two hundred and two (202) of this act, its surplus over all liabilities must not be less than two hundred and fifty thousand dollars ($250,000).(b) A mutual fire, mutual marine, or mutual fire and marine insurance company of another State, which had not been originally licensed to transact business in this Commonwealth prior to and was not transacting business in this Commonwealth on June twenty-third, one thousand nine hundred and thirty-one, may be licensed and relicensed to transact the class of business mentioned in clause (1) subdivision (b), of section two hundred and two (202), of this act, when it has a surplus over all liabilities, including unearned premiums, computed in accordance with the laws of this Commonwealth of not less than one hundred and fifty thousand dollars ($150,000). If to transact the classes of business mentioned (i) in either clause (2) or clause (3) of said subdivision, (b), when it has such a surplus of not less than two hundred thousand dollars ($200,000); (ii) in said clause (1) and in either of said clauses (2) or (3), when it has such a surplus of not less than three hundred fifty thousand dollars ($350,000); (iii) in both of said clauses (2) and (3), when it has such a surplus of not less than four hundred thousand dollars ($400,000); and (iv) in all of said clauses (1), (2) and (3), when it has such a surplus of not less than five hundred fifty thousand dollars ($550,000).1921, May 17, P.L. 682, art. V, § 531. Amended 1931, June 23, P.L. 904, § 1; 1935, April 4, P.L. 13, § 1; 1951, July 19, P.L. 1100, § 20.