31 Pa. Code § 118.6. Increased loss reserves and loss adjustment expense reserves.

31 Pa. Code § 118.6. Increased loss reserves and loss adjustment expense reserves.</B>

§ 118.6. Increased loss reserves and loss adjustment expense reserves.

Under section 316 of the act (40 P. S. § 115), the Commissioner may require an insurance company to restate its loss reserves or its allocated loss adjustment expense reserves by reducing or eliminating the discount if the Commissioner determines it is necessary to insure that reserves are established at an adequate level.

Source

The provisions of this § 118.6 amended June 15, 2001, effective June 16, 2001, 31 Pa.B. 3190. Immediately preceding text appears at serial page (265033).

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