Pennsylvania Statutes
§ 3515 — Licensing of stock company and commencement of business as an insurance company
Pennsylvania § 3515
This text of Pennsylvania § 3515 (Licensing of stock company and commencement of business as an insurance company) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Pa. Cons. Stat. § 3515 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 3501
Definitions§ 3506
Effective date of plan§ 3508
Corporate existence§ 3509
Conflict of interest§ 3510
Failure to give notice§ 3511
Limitation on actions§ 3513
Rules and regulationsCite This Page — Counsel Stack
Bluebook (online)
Pennsylvania § 3515, Counsel Stack Legal Research, https://law.counselstack.com/statute/pa/40/3515.