PRINTER'S NO. 4168
No. 3039 Session of 1992
INTRODUCED BY SAURMAN, NOYE, FARGO, GLADECK, GODSHALL, DURHAM,
CARLSON, DENT, REINARD, TRELLO, CAPPABIANCA AND SERAFINI,
NOVEMBER 17, 1992
REFERRED TO COMMITTEE ON INSURANCE, NOVEMBER 17, 1992
AN ACT
1 Amending the act of May 17, 1921 (P.L.682, No.284), entitled "An
2 act relating to insurance; amending, revising, and
3 consolidating the law providing for the incorporation of
4 insurance companies, and the regulation, supervision, and
5 protection of home and foreign insurance companies, Lloyds
6 associations, reciprocal and inter-insurance exchanges, and
7 fire insurance rating bureaus, and the regulation and
8 supervision of insurance carried by such companies,
9 associations, and exchanges, including insurance carried by
10 the State Workmen's Insurance Fund; providing penalties; and
11 repealing existing laws," further providing for payment of
12 certain fire loss claims.
13 The General Assembly of the Commonwealth of Pennsylvania
14 hereby enacts as follows:
15 Section 1. Section 508 of the act of May 17, 1921 (P.L.682,
16 No.284), known as The Insurance Company Law of 1921, added July
17 9, 1992 (P.L. , No.98), is amended by adding a subsection to
18 read:
19 Section 508. Municipal Certificate Required Prior to Payment
20 of Fire Loss Claims.--* * *
21 (i) For purposes of this section, the term "municipality"
22 shall mean a county, city, borough, incorporated town or
1 township which has an ordinance authorizing and specifying its
2 participation under insurance policies in accordance with this
3 section.
4 Section 2. This act shall take effect in 60 days.
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