Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 3734. Amount of fund limited; transfer of excess; catastrophic loss

(a) Whenever the total amount of said fund shall excess the sum of three million dollars, no further investment in securities shall be made on account thereof; but all additional income and receipts applicable thereto shall be deposited in legal depositories of public funds, and the excess, over and above the said sum of three million dollars, shall be transferred annually, on the thirty-first day of December, to the general fund of the State Treasury.

(b) In the event of a catastrophic loss which completely exhausts the moneys in the State Insurance Fund, the General Assembly shall provide the necessary funds in order to meet the requirements of the National Flood Insurance Program. For the purposes of this section the term “catastrophic loss” shall mean any damages covered under section 3  1 which are in excess of the three million dollars available in the State Insurance Fund.