Pennsylvania Statutes Title 40 P.S. Insurance § 995.2. Assets, disposition; notice

Any domestic insurance company, association, or exchange that, within any period of thirty days, by one or more transactions, disposes of any of its assets which, in the aggregate, amount to more than ten per cent of its total assets, shall send written notification thereof to the Insurance Commissioner. Such notification shall be given within ten business days prior to the making of such disposal, and shall specify the nature and amount thereof, and identify all of the parties thereto.