This chapter shall be known as the "Borough of West Chester Fire Insurance
Escrow Ordinance."
For the purposes of this chapter, the following terms shall have the
meanings indicated:
ASSOCIATION
Only individuals, partnerships or associations of individuals authorized
to engage in the business of insurance in the Commonwealth of Pennsylvania
as insurers on the Lloyd's Plan.
BASIC PROPERTY INSURANCE
Includes all policies that provide insurance against direct loss
to real property or tangible personal property at a fixed location caused
by perils defined and limited in the standard fire policy prescribed and set
forth in Section 506 of the Insurance Company Law of 1921, and in the Extended
Coverage Section Endorsement approved by the Insurance Commissioner pursuant
to Section 354 of the Insurance Company Law of 1921 and such vandalism, malicious mischief, burglary, theft or other
such classes of insurance as may be determined by the Insurance Commissioner,
but shall not include insurance on motor vehicle, farm or such manufacturing
risks as may be excluded by the Insurance Commissioner.
BOROUGH
The Borough of West Chester.
BOROUGH MANAGER
The Borough Manager of the Borough of West Chester and/or his or
her duly appointed assistants.
COMPANY
Includes incorporated insurance companies only and title insurance
companies, whether incorporated under the laws of the Commonwealth of Pennsylvania
or any other state, territory or district or under the laws of any foreign
country.
EXCHANGE
Includes only individuals, partnerships and corporations authorized
by the laws of the Commonwealth of Pennsylvania to exchange with each other
inter-insurance or reciprocal insurance contracts.
FIRE LOSS or CLAIM FOR FIRE DAMAGE
Includes any loss covered under a policy of fire insurance, including
any endorsements or riders to the policy.
[Added 5-10-1995 by Ord.
No. 7-1995]
INSURANCE COMMISSIONER
The Insurance Commissioner of the Commonwealth of Pennsylvania and/or
his duly appointed assistants.
PERSON
Any natural person, partnership, firm, association or corporation.
TREASURER
The Treasurer of the Borough of West Chester and/or his or her duly
appointed assistants.
The borough may, by resolution, adopt procedures and regulations to
implement Act 98 of 1992 and this chapter and may, by resolution, fix reasonable
fees to be charged for the borough's activities or services provided pursuant
to Act 98 of 1992 and this chapter, including but not limited to the issuance
of certificates and bills, performance of inspections and opening separate
fund accounts.
Any person, owner of property, named insured or insuring agent who shall
be convicted of a violation of any provision of this chapter or rule and/or
regulation issued pursuant to this chapter before any District Justice shall
be sentenced to pay a fine of not more than one thousand dollars ($1,000.)
per violation, together with the costs of prosecution, and/or to imprisonment
in the county jail for a term not to exceed thirty (30) days.