An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in fire and marine insurance, further providing for municipal certificate required prior to payment of fire loss claims.

SB 794 requires Pennsylvania insurance companies to obtain a municipal certificate before paying fire insurance claims exceeding $18,000 for structures within participating municipalities. If a fire loss equals or exceeds 60% of a building's total insurance coverage, insurers must transfer $4,000 per $15,000 of the claim amount to the municipality's designated officer for rebuilding or repairs. Municipalities must adopt an ordinance authorizing this process, and policyholders must report annual spending details to the municipality within one year, with potential fund confiscation if reporting or timelines are missed. This bill directly affects insurers, property owners, and municipalities that adopt the required ordinance.