No insurance company, association or exchange (hereinafter the “insuring agent”) doing business in the Commonwealth shall pay a claim of a named insured for fire damage to a structure located within the borough where the amount recoverage for the fire loss to the structure under all policies exceeds $7,500, unless the insuring agent is furnished by the municipal treasurer with a municipal certificate pursuant to § 508(B) of Act 98 of 1992 and unless there is compliance with § 508(C) and (D) of Act 98 of 1992, as amended, and the provisions of this subchapter.
(Prior Code, Ch. 1, § 1-802) (Ord. 4-2003, passed 7-7-2003, § II)