- (a) Policies may be written single interest or dual interest.
- (b) No policy shall be written as excess insurance. Policies insuring specific items of purchase or items pledged as collateral shall be primary insurance.
- (c) Policies of insurance shall not be used without the prior approval of the Commissioner.
- (d) There shall be no minimum premium charged.
Source
The provisions of this § 112.4 amended November 22, 1974, 4 Pa.B. 2419. Immediately preceding text appears at serial page (14260).