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Pennsylvania Statutes Title 40 P.S. Insurance § 310.31. License required

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) General rule.--Except as provided in subsection (b), no person shall engage in any activities requiring a manager or exclusive general agent license without being licensed as a manager or exclusive general agent by the department.

(b) Exceptions.--The following persons shall not be required to be licensed as a manager or exclusive general agent:

(1) A licensee whose authority is limited primarily to the production of insurance business with limited underwriting authority.

(2) A manager or exclusive general agent operating under a management contract or exclusive general agency agreement entered into prior to December 22, 1965.

(3) A person subject to regulation as a managing general agent under Article VIII.

(c) Penalty.--A person that violates subsection (a) commits a misdemeanor of the third degree and, upon conviction, shall be sentenced to pay a fine not exceeding $1,000 for each day of operation without a license.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 310.31. License required - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-310-31/

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