Pennsylvania § 3506 Effective date of plan

Pennsylvania Statutes

§ 3506 — Effective date of plan

Pennsylvania·Title 40 INSURANCE·Part PART II·Ch. 35 MEDICAL PROFESSIONAL LIABILITY

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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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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