Pennsylvania Statutes Title 40 P.S. Insurance § 470. Embezzlement by officers, agents, etc.

If any director, officer, agent, or other person connected with, or doing business for or with, any insurance company, association, or exchange, incorporated or organized under the laws of the State of Pennsylvania or any other State of the United States or any foreign government, which has complied with the insurance laws of this Commonwealth, shall fraudulently embezzle or appropriate to his use or the use of any other person or persons any money or other property belonging to such company, association, or exchange, or left with or held by such company, association, or exchange in trust, he or they, on conviction thereof, shall be fined in the amount so appropriated or embezzled, or be sentenced to undergo an imprisonment in the penitentiary for a term not exceeding five (5) years, or by both such fine and imprisonment. In the indictment and trial of any case under this section, it shall not be necessary, in order to establish a prima facie case for the Commonwealth, to set forth or prove the incorporation of any such company, except by the verbal testimony of any competent witness.