Title 15, CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

(a) Qualifications.--Two-thirds of the directors of an insurance corporation shall be citizens of the United States. (b) Number.--The board of directors of an insurance corporation shall consist of not less than seven members. Cross References. Section 3131 is referred to in sect…

The treasurer of an insurance corporation shall be a natural person of full age and may also be either the president or the secretary of the corporation. The president shall be a director of the corporation. (Dec. 7, 1994, P.L.703, No.106, eff. 60 days)

(a) General rule.--Unless otherwise restricted in the bylaws, persons authorized or required to give notice of an annual meeting of members of a mutual insurance company for the election of directors or of a meeting of members of a mutual insurance company called for the purpose …

The board of directors of an insurance corporation may adopt or change a bylaw on any subject otherwise expressly committed to the shareholders or members by section 1756(a) (relating to quorum). Cross References. Section 3134 is referred to in section 1756 of this title.

In no event shall a proxy given by a member of a mutual insurance company, unless coupled with an interest, be voted on or utilized to express consent or dissent to corporate action after 11 months from the date of execution of the proxy. (July 9, 2013, P.L.476, No.67, eff. 60 da…

The board of directors of an insurance corporation may adopt or change a bylaw on any subject otherwise expressly committed to the shareholders or members by section 1765 (relating to judges of election). Cross References. Section 3136 is referred to in section 1765 of this title…

Section 1767 (relating to appointment of custodian of corporation on deadlock or other cause) shall not be applicable to an insurance corporation. Cross References. Section 3137 is referred to in section 1767 of this title.

Subchapter G of Chapter 17 (relating to judicial supervision of corporate action) shall not be applicable to an insurance corporation, insofar as inconsistent with the jurisdiction of the Insurance Department. Cross References. Section 3138 is referred to in sections 1791, 1792, …