Replacement of Canceled Insurance

Umsted, Deputy Attorney General,

You have requested our opinion concerning an *610interpretation of subsection (g) of section 17 of the Motor Vehicle Sales Finance Act of June 28, 1947, P. L. 1110, 69 PS §601 et seq., as it applies to the cost of replacing policies of fire, theft, and collision insurance written by the Paramount Mutual Insurance Company, on motor vehicles sold by certain dealers and financed through various finance companies and banks licensed to do business under that act.

The Paramount Mutual Insurance Company was dissolved and an order of liquidation entered December 3, 1947, by…