Annual license

Act 284 of 1921, § 2453, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 2453

Section 2453. Annual license.

Societies which are now authorized to transact business in this Commonwealth may continue such business until April 1, 1993. The authority of such societies and all societies hereafter licensed may thereafter be renewed annually but in all cases to terminate on the succeeding April 1. However, a license so issued shall continue in full force and effect until the new license is issued or specifically refused. For each license or renewal, the society shall pay the commissioner the prescribed fee. A duly certified copy or duplicate of such license shall be prima facie evidence that the licensee is a fraternal benefit society within the meaning of this article.

(2453 added July 10, 2002, P.L.749, No.110)