Section 502. Persons Covered.--The proceedings authorized by this article may be applied to:
(1) All insurers who are doing, or have done, an insurance business in this Commonwealth, and against whom claims arising from that business may exist now or in the future.
(2) All insurers who purport to do an insurance business in this Commonwealth.
(3) All insurers who have insureds resident in this Commonwealth.
(4) All other persons organized or in the process of organizing with the intent to do an insurance business in this Commonwealth.
(5) All nonprofit service plans and all fraternal benefit societies and beneficial societies subject to Title 40 of the Pennsylvania Consolidated Statutes (relating to insurance).
(6) All title insurance companies, subject to Article VII of the act of May 17, 1921 (P.L.682, No.284), known as "The Insurance Company Law of 1921."
(502 added Dec. 14, 1977, P.L.280, No.92)
Compiler's Note: Section 2(a) of Act 53 of 1978 provided section 502 is repealed in part. However, the specific references in the repeal were to language contained in the prior version of section 502 which was repealed in 1977. Therefore, the specific repeals could not be applied against the language of the existing section.