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Current as of January 01, 2026 | Updated by Findlaw Staff
(a) Certification.--Beginning June 1, 2026, and each year thereafter, if the joint underwriting association's risk-based capital exceeds 1,000% as shown in the prior year's annual statement, the commissioner shall submit to the General Assembly a report that certifies the association's risk-based capital exceeds 1,000% and states the amount, if any, the commissioner determines is available for transfer to the General Fund. The certified amount may not:
(1) jeopardize the joint underwriting association's solvency; and
(2) be so great that, if transferred during the prior year, the joint underwriting association's risk-based capital would have fallen below 1,000%.
(b) Effect.--Pursuant to a transfer authorized under section 209-D, 1 the joint underwriting association shall transfer money not to exceed the amount identified in subsection (a), to the General Fund.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 208-D. Risk-based capital certification - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-208-d/
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