Section 638 • Insurance Proceeds • Delinquent Taxes • “Named Insured”
In re The Trustees of Conneaut Lake Park, Inc., PICS Case No. 17-0854 (3 Cir. May 2, 2017) Hardiman. J. (14 pages).
District court erred in holding that 40 Pa. Stat. §638 was ambiguous and granting insurance proceeds to manager and insurer of beach club that burnt because the subsection of §638 relevant to the case referred only to the “named insured” and appellant had no legally cognizable property interest in the entirety of the insurance proceeds where §638 made the receipt of those proceeds conditional on satisfying the delinquent taxes. Reversed.
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