An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in fire and marine insurance, further providing for municipal certificate required prior to payment of fire loss claims.

Summary

HB 2854 amends Pennsylvania’s 1921 Insurance Company Law to add a requirement that a municipal certificate be obtained before insurers can pay fire loss claims. The change impacts insurance companies, policyholders with fire coverage, and local municipalities that must issue the certificate. It is intended to provide local verification before claim payments are made.

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