3101 - Application and effect of chapter.
CHAPTER 31 INSURANCE CORPORATIONS Subchapter A. Preliminary Provisions B. Powers, Duties and Safeguards C. Officers, Directors and Shareholders Enactment. Chapter 31 was added December 19, 1990, P.L.834, No.198, effective in six months. Special Provisions in Appendix. See sections 201, 202, 203, 204, 205, 206, 207 and 208 of Act 198 of 1990 in the appendix to this title for special provisions relating to definition of "insurance corporation," corporate powers, authorization to do business, amendment of articles, other fundamental transactions, increases in capital stock, administrative procedure and existing powers preserved. SUBCHAPTER A PRELIMINARY PROVISIONS Sec. 3101. Application and effect of chapter. 3102. Definitions. § 3101. Application and effect of chapter. (a) General rule.--This chapter shall be applicable to a business corporation that is a domestic insurance corporation. (b) Application to business corporations generally.--The existence of a provision of this chapter shall not of itself create any implication that a contrary or different rule of law is or would be applicable to a business corporation that is not an insurance corporation. This chapter shall not affect any statute or rule of law that is or would be applicable to a business corporation that is not an insurance corporation. (c) Laws applicable to insurance corporations.--Except as otherwise provided in this chapter, this subpart shall be generally applicable to all insurance corporations. The specific provisions of this chapter shall control over the general provisions of this subpart. Except as otherwise provided in this article, an insurance corporation may be simultaneously subject to this chapter and one or more other chapters of this article.