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2018 Pennsylvania Consolidated Statutes
Title 40 - INSURANCE
Chapter 35 - Medical Professional Liability Reciprocal Exchange-to-Stock Conversion
Section 3506 - Effective date of plan
Universal Citation: 40 PA Cons Stat § 3506 (2018)
§ 3506. Effective date of plan.
A plan is effective when the following have been completed:
(1) The commissioner has approved the plan.
(2) The eligible subscribers have approved the plan.
(3) If the stock company becomes successor to the reciprocal insurer by merger, the eligible subscribers have approved the merger of the reciprocal insurer with and into the stock company and the articles of merger have been filed with the Secretary of the Commonwealth.
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