Financial Requirements of Foreign Companies

Act 284 of 1921, § 601, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 601

Section 601. 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.

(601 amended Dec. 18, 1992, P.L.1519, No.178)