Pennsylvania Code
Title 31 - INSURANCE
Part IX - Medical Catastrophe Loss Fund
Chapter 242 - MEDICAL PROFESSIONAL LIABILITY CATASTROPHE LOSS FUND
Section 242.19 - Investment transactions

Universal Citation: 31 PA Code ยง 242.19
Current through Register Vol. 54, No. 44, November 2, 2024

For the purposes of investing funds generated by the operations of the Fund, and only for investment purposes, the Director will cause all investments now owned in the name of the Fund and hereafter purchased by the Fund under section 1 of the act of April 25, 1929 (P. L. 723, No. 315) (72 P. S. § 3603) to be held in the shortened name of "Medcat & Co." Such name will constitute the sole name under which the Director may invest funds. The Director will give notice to all parties with whom he deals in pursuit of his investment responsibilities, by citation of this section, of the existence of the Fund as the real party in interest in Medcat & Co. transactions.

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