Pennsylvania Code
Title 31 - INSURANCE
Part VI - Mutual Insurance
Chapter 107 - ASSESSMENT PROVISIONS IN MUTUAL INSURANCE COMPANY POLICIES
Section 107.1 - Contingent liability required
Universal Citation: 31 PA Code ยง 107.1
Current through Register Vol. 54, No. 44, November 2, 2024
Consistent with the expression of the "maximum premium" payable as required by section 806 of The Insurance Company Law of May 1921 (40 P. S. § 916), each assessable policy issued in this Commonwealth shall cause the insured to assume a contingent liability for assessment for each one year period during which his policy is in force.
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