[Ord. 976, 1/16/2008]
The Borough, through provisions of this Part, hereby incorporates
the provisions of § 638 of the Insurance Company Law, 40
P.S. § 638, as amended, which provides the Borough with
the authority to require security in the form of insurance proceeds
from an insurance company, association or exchange (hereinafter the
"insuring agent"), doing business in Pennsylvania, for the removal,
repair and securing of fire damaged buildings and other structures
subject to fire loss claims.
[Ord. 976, 1/16/2008]
The Borough Treasurer, or such official's designee, shall
be the designated officer authorized to carry out all responsibilities
and duties stated herein. Any reference to "Borough Treasurer" or
"Treasurer" shall be defined to include the Treasurer and/or the Treasurer's
official designee.
[Ord. 976, 1/16/2008]
No insuring agent shall pay a claim of a named insured for fire
damage to a structure located within the Borough where the amount
recoverable for the fire loss to the structure under all policies
exceeds $7,500 unless the insuring agent is furnished with a municipal
certificate from the Borough Treasurer pursuant to § 638(b)
of the Insurance Company Law, as amended, and unless there is compliance
with the provisions of this Part.
[Ord. 976, 1/16/2008]
The Borough may by resolution adopt procedures and regulations
to implement § 638 of the Insurance Company Law, as amended,
and this Part, and may by resolution fix reasonable fees to be charged
for municipal activities or services provided pursuant to § 638
of the Insurance Company Law, as amended, and this Part including,
but not limited to, issuance of certificates and bills, performance
of inspections and opening separate fund accounts.