[HISTORY: Adopted by the Board of Supervisors of Upper Merion Township 8-10-1995 by Ord. No. 95-632. Amendments noted where applicable.]
GENERAL REFERENCES
Fire prevention — See Ch. 87.
Property maintenance — See Ch. 127.
Pursuant to Section 508 of the Act of May 17, 1921 (P.L. 682, No. 284), known as the "Insurance Company Law of 1921," added July 9, 1992 (P.L. 678 No. 98), as further amended by Act No. 93 of 1994, Upper Merion Township does hereby authorize and adopt the provisions and procedures described in Act No. 98 of 1992, as amended by Act No. 93 of 1994, which provisions and procedures are incorporated herein as though set forth in full. This chapter and the procedures adopted by Act No. 93 of 1994 shall apply to fire losses occurring subsequent to the adoption of this chapter.
Pursuant to Act No. 98 of 1992 and Act No. 93 of 1994, the Upper Merion Township does hereby authorize and adopt the procedures described in Subsections (c) and (d) of Section 508 of the Insurance Company Law of 1921, as amended. This chapter and the procedures adopted shall apply to fire losses occurring subsequent to the adoption of this chapter.
The Township Manager is designated as the municipal officer authorized to carry out the duties imposed by Section 508 of the Insurance Company Law of 1921, as amended by Act No. 98 of 1992 and Act No. 93 of 1994.
Upon receipt of proceeds by Upper Merion Township pursuant to Subsections (c) and (d) of Section 508 of the Insurance Company Law of 1921, as amended, as adopted by Act No. 98 of 1992 and Act No. 93 of 1994, the Township Manager shall place said proceeds in a separate fund to be used solely as security against the total cost of removing, repairing or securing the building or other structure on the insured property incurred by Upper Merion Township.
Upon receipt of the name and address of the named insured by the insurance company, association or exchange, the Township Manager shall contact the named insured, certify that the proceeds have been received by Upper Merion Township and notify the named insured that the procedures under the provisions of Act No. 98 of 1992, as amended by Act No. 93 of 1994, shall be followed. The fund shall be returned to the named insured when repairs, removal or securing of the building or other structure have been completed and the required proof received by the Township Manager; provided, however, that if Upper Merion Township incurs costs for repairs, removal or securing of the building or other structure, said costs shall be paid from the fund, and, if any excess funds remain, the Township Manager shall transfer the remaining funds to the named insured.
Upon adoption of this chapter, an exact copy of this chapter shall be filed with the Department of Community Affairs, together with the name, position and phone number of the Township Manager as the municipal official responsible for compliance with this chapter.