Section 208-D. Risk-based capital certification.
(a) Certification.--Beginning June 1, 2026, and each year thereafter, if the joint underwriting association's risk-based capital exceeds 1,000% as shown in the prior year's annual statement, the commissioner shall submit to the General Assembly a report that certifies the association's risk-based capital exceeds 1,000% and states the amount, if any, the commissioner determines is available for transfer to the General Fund. The certified amount may not:
(1) jeopardize the joint underwriting association's solvency; and
(2) be so great that, if transferred during the prior year, the joint underwriting association's risk-based capital would have fallen below 1,000%.
(b) Effect.--Pursuant to a transfer authorized under section 209-D, the joint underwriting association shall transfer money not to exceed the amount identified in subsection (a), to the General Fund.
(208-D added Nov. 12, 2025, P.L.156, No.45)