15 Pennsylvania Consolidated Statutes Chapter 31 - Insurance Corporations

• Chapter Notes

Subchapter A.  Preliminary Provisions

• Section 3101 - Application And Effect Of Chapter
  (a) General rule.--This chapter shall be applicable to a business corporation that is a domestic insurance corporation. (b) Application to business corporations generally.--The existence...
• Section 3102 - Definitions
  The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly...

Subchapter B.  Powers, Duties and Safeguards

• Section 3121 - Bylaws
  Except as provided in section 1504(b) (relating to adoption, amendment and contents of bylaws), the board of directors of an insurance corporation shall have...
• Section 3122 - Distributions By Insurance Corporations
  The amount of capital received by an insurance corporation upon its stock shall be a liability of the corporation for the purpose of determining...

Subchapter C.  Officers, Directors and Shareholders

• Section 3131 - Directors
  (a) Qualifications.--Two-thirds of the directors of an insurance corporation shall be citizens of the United States. (b) Number.--The board of directors of an insurance...
• Section 3132 - Officers
  The treasurer of an insurance corporation shall be a natural person of full age and may also be either the president or the secretary...
• Section 3133 - Notice Of Meetings Of Members Of Mutual Insurance Companies
  (a) General rule.--Unless otherwise restricted in the bylaws, persons authorized or required to give notice of an annual meeting of members of a mutual...
• Section 3134 - Quorum At Shareholder Or Member Meetings
  The board of directors of an insurance corporation may adopt or change a bylaw on any subject otherwise expressly committed to the shareholders or...
• Section 3135 - Proxies Of Members Of Mutual Insurance Companies
  In no event shall a proxy given by a member of a mutual insurance company, unless coupled with an interest, be voted on or...
• Section 3136 - Judges Of Election
  The board of directors of an insurance corporation may adopt or change a bylaw on any subject otherwise expressly committed to the shareholders or...
• Section 3137 - Appointment Of Custodian
  Section 1767 (relating to appointment of custodian of corporation on deadlock or other cause) shall not be applicable to an insurance corporation. Cross References....
• Section 3138 - Judicial Supervision Of Corporate Action
  Subchapter G of Chapter 17 (relating to judicial supervision of corporate action) shall not be applicable to an insurance corporation, insofar as inconsistent with...

Last modified: October 8, 2016