Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 8238 (December 30, 2023).

31 Pa. Code § 23.81. Authorization or issuance of securities—Item 11.

§ 23.81. Authorization or issuance of securities—Item 11.

 (a)  If action is to be taken with respect to the authorization or issuance of any securities of the insurer, the title, amount and description of the securities to be authorized or issued shall be furnished.

 (b)  If the securities are other than additional shares of common stock of a class outstanding, a brief summary of the following shall be furnished, if applicable:

   (1)  Dividend, voting, liquidation, preemptive, and conversion rights.

   (2)  Redemption and sinking fund provisions.

   (3)  Interest rate and date of maturity.

 (c)  If the securities to be authorized or issued are other than additional shares of common stock of a class outstanding, the Insurance Department may require financial statements comparable to those contained in the annual report.



No part of the information on this site may be reproduced for profit or sold for profit.


This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.