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Current as of January 01, 2022 | Updated by FindLaw Staff
No association of underwriters, authorized to do business in this Commonwealth under the terms hereof, shall expose themselves to loss on any one risk to an amount in excess of one-fifth of their cash and invested assets, including therein the underwriting liability of the individual underwriters, unless any excess shall be promptly reinsured by said underwriters.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 940. Maximum amounts of risks - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-940/
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