40 Pa. Stat. § 721

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 721 - Financial requirements of foreign companies

Stock casualty insurance companies of other States and foreign governments, organized to transact any of the classes of insurance mentioned in subdivision (c), section two hundred and two (202) of this act, in order to be licensed to do business in this Commonwealth, must have a paid up and safely invested capital and surplus, if a company of another State, or a deposit in the United States, if a company of a foreign government, of at least the amount required in this act for domestic companies.

40 P.S. § 721

1921, May 17, P.L. 682, art. VI, § 601. Amended 1992, Dec. 18, P.L. 1519, No. 178, § 15, effective in 120 days.