Section 806. Premiums.--The "maximum premium" payable by any member of a mutual insurance company, other than a mutual life insurance company, shall be expressed in the policy, or in the application for the insurance if attached to the policy. Such maximum premium shall be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium, unless the company has and maintains a surplus which is not less in amount than the minimum capital required of domestic stock insurance companies authorized to transact the same class or classes of insurance.
(806 amended Nov. 27, 1968, P.L.1118, No.349)