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2018 Pennsylvania Consolidated Statutes
Title 40 - INSURANCE
Chapter 35 - Medical Professional Liability Reciprocal Exchange-to-Stock Conversion
Section 3515 - Licensing of stock company and commencement of business as an insurance company
Universal Citation: 40 PA Cons Stat § 3515 (2018)
§ 3515. Licensing of stock company and commencement of business as an insurance company.
The commissioner may waive the minimum surplus requirement of a stock company in connection with the initial licensing of a stock company that will be the successor to a reciprocal insurer. The stock company may not engage in the business of insurance as a stock company until the completion of the merger with the reciprocal insurer and compliance with the provisions of this chapter.
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