(United States Third Circuit) - In a bankruptcy case involving 40 Pa. Stat. section 638,which prohibits insurance companies from paying fire insurance proceeds to a 'named insured' unless the local municipality certifies that no delinquent taxes are owed on the property where the insured structure was located, the District Court's judgment reversing the Bankruptcy Court grant of summary judgment to the Taxing Authorities and holding that 'named insured' as used in Section 638 includes only those who own the structure at issue and are responsible for the delinquent taxes, and is reversed where this interpretation contravenes the text of the statute.
Source: findlaw.com