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Initial reserves - 40 Pa. Cons. Stat. § 6305

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     § 6305.  Initial reserves.
        No professional health service corporation shall receive a
     certificate of authority under this chapter unless it has set up
     a minimum reserve of $25,000 for the exclusive purpose of
     meeting the contractual obligations of its subscribers. All or
     any part of such $25,000 may be in the form of borrowed money to
     be repaid in whole or in part from surplus. Money borrowed to
     satisfy the requirements of this section may be repaid only when
     authorized by two-thirds of the board of directors of such
     corporation in office and the Insurance Department.

Last modified: November 27, 2007