This chapter applies to every insurance company,
association or exchange as defined in the Pennsylvania "Insurance
Company Law of 1921," 40 P.S. § 362 et seq., as amended.
The designated officer for the purpose of this
chapter will be the Township Treasurer.
When Chartiers Township is in receipt of funds
required to be deposited with Chartiers Township pursuant to this
chapter, these funds shall be placed in the Chartiers Township Fire
Loss Account. Any funds received pursuant to this chapter shall be
placed in said fund pending distribution in accordance with this chapter.
This account need only be in existence when funds are received in
accordance with this chapter.