Source: https://ecode360.com/11698321
Timestamp: 2020-08-10 22:30:22
Document Index: 584356163

Matched Legal Cases: ['§ 176', '§ 176', '§ 176', '§ 176', 'art 2', '§ 638', '§ 176', '§ 176', '§ 176', '§ 176', '§ 176']

Township of West Whiteland, PA Insurance
Ch 176 Art I Fire Insurance Claims
§ 176-1 Payment prerequisites.
§ 176-2 Fire loss certificate.
§ 176-3 Municipal insurance escrow.
§ 176-4 Receipt of proceeds.
Chapter 176 Insurance
Taxation — See Ch. 292.
[Adopted 4-18-1995 by Ord. No. 235 (Ch. 7, Part 2, of the 1983 Code of Ordinances)]
No insurance company, association or exchange doing business in the Commonwealth of Pennsylvania shall pay a claim of a named insured for fire damage to a structure located within West Whiteland Township under the terms of Section 508(a) of the Insurance Company Law of 1921, as amended, 40 P.S. § 638, unless the insurance company, association or exchange is furnished with a certificate pursuant to § 176-2 of this article and unless there is compliance with the procedures set forth in §§ 176-3 and 176-4 of this article.
The Township Treasurer shall, upon the written request of the named insured specifying the tax description of the property, name and address of the insurance company, association or exchange and the date agreed upon by the insurance company, association or exchange and the named insured as the date of the receipt of a loss report of the claim, furnish the insurance company, association or exchange either of the following within 14 working days of the request:
A certificate and bill showing the amount of delinquent taxes, assessments, penalties or user charges against the property as of the date specified in the request that have not been paid as of the date of the certificate and also showing, as of the date of the Treasurer's certificate, the amount of the total costs, if any, certified to the Treasurer that have been incurred by the Township for the removal, repair or securing of a building or other structure on the property. For the purposes of this subsection, the Township shall certify to the Treasurer the total amount, if any, of such costs. A tax, assessment, penalty or user charge becomes delinquent at the time and on the date a lien could otherwise have been filed against the property by the Township under applicable law.
Upon receipt of a certificate pursuant to Subsection A(1) of this section, the insurance company, association or exchange shall pay the claim of the named insured in accordance with the policy terms, unless the loss agreed to between the named insured and the company, association or exchange equals or exceeds 60% of the aggregate limits of liability on all fire policies covering the building or other structure. In the case of such a loss, the insurance company, association or exchange, the insured property owner and the Township shall follow the procedures set forth in §§ 176-3 and 176-4 of this article.
Upon receipt of the proceeds by the Township as authorized by § 176-3, the Township Treasurer shall place the proceeds in a separate fund to be used solely as security against the total cost of removing, repairing or securing incurred by the Township. When transferring the funds as required in § 176-3, an insurance company, association or exchange shall provide the Township with the name and address of the named insured, whereupon the Township shall contact the named insured, certify that the proceeds have been received by the Township and notify the named insured that the procedures under this subsection 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 Treasurer if the Township has not incurred any costs for repairs, removal or securing. If the Township has incurred costs for repairs, removal or securing of the building or other structure, the costs shall be paid from the fund and, if excess funds remain, the Township shall transfer the remaining funds to the named insured. Nothing in this article shall be construed to limited the ability of the Township to recover any deficiency. Further, nothing in this section shall be construed to prohibit the Township and the named insured from entering into an agreement that permits the transfer of funds to the named insured if some other reasonable disposition of the damaged property has been negotiated.