{"data":{"id":"us-pa/40-pa.c.s.-3515","jurisdiction":"us-pa","citation":"40 Pa.C.S. § 3515","heading":"Licensing of stock company and commencement of business as an insurance company.","body":"The commissioner may waive the minimum surplus requirement of a stock company in connection with the initial licensing of a stock company that will be the successor to a reciprocal insurer. The stock company may not engage in the business of insurance as a stock company until the completion of the merger with the reciprocal insurer and compliance with the provisions of this chapter.","path":["Title 40 - INSURANCE","PART II REGULATION OF INSURERS AND RELATED PERSONS GENERALLY","CHAPTER 35 MEDICAL PROFESSIONAL LIABILITY RECIPROCAL EXCHANGE-TO-STOCK CONVERSION"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=40\u0026div=0\u0026chpt=35\u0026sctn=15\u0026subsctn=0","current_through":"2024-08-21 (Statute Update stamp, 40 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:33:08Z","sha256":"a20c2eddcb6f89f6c867c6d3ba5ba56fd2752d465cc9a1c7f966a458ac0f35a4","source_id":"us-pa","stale":false,"prev":"us-pa/40-pa.c.s.-3514","next":"us-pa/40-pa.c.s.-3516"},"notice":"GroundRules: Original legal text. Not legal advice."}