58 Pa. Code § 635a.8 - Insurance Wager

(a) If the first card dealt to the dealer is an ace, each player may make an Insurance Wager which shall win if the dealer's hole card is a king, queen or jack.

(b) An Insurance Wager shall be made by placing a value chip on the insurance line of the layout in an amount not more than 1/2 the player's initial Spanish 21 Wager. A player may wager an amount in excess of 1/2 the initial Spanish 21 Wager to the next unit that can be wagered in chips when, because of the limitation of the value of chip denominations, half the initial Spanish 21 Wager cannot be bet. Insurance Wagers shall be placed prior to the dealer inserting his hole card into the card reader device.

(c) Winning Insurance Wagers shall be paid in accordance with the payout odds in § 635a.12(d) (relating to payout odds).

(d) Losing Insurance Wagers shall be collected by the dealer immediately after the dealer inserts his hole card into the card reader device and determines that he does not have a Blackjack and before he draws any additional cards.

Notes

58 Pa. Code § 635a.8

The provisions of this § 635a.8 amended January 31, 2014, effective 2/1/2014, 44 Pa.B. 619.

The provisions of this § 635a.8 amended under 4 Pa.C.S. §§ 1202(b)(30), 1207(3) and (9) and 13A02(1), (2) and (4).

This section cited in 58 Pa. Code § 635a.6 (relating to wagers); 58 Pa. Code § 635a.7 (relating to procedures for dealing the cards; completion of each round of play); and 58 Pa. Code § 635a.9 (relating to surrender).