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Pennsylvania Statutes Title 40 P.S. Insurance § 310.5. Application for insurance producer license

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

(a) Individual application.--An applicant with a principal place of residence or business within this Commonwealth may apply to the department for a resident insurance producer license. An applicant with a principal place of residence or business outside this Commonwealth may apply for a nonresident insurance producer license. An applicant shall submit to the department:

(1) a completed application indicating the lines of authority for which the applicant desires to be licensed;

(2) the applicant's fingerprints, in order for the department to receive national criminal history records information from the Federal Bureau of Investigation Criminal Justice Information Services Division, and the information provided under this subsection shall not be limited by 18 Pa.C.S. § 9121(b)(2) (relating to general regulations);

(3) documentation verifying that the applicant passed or is exempt from the insurance producer licensing examination on the lines of authority for which the applicant desires a license; and

(4) the required license fee and fees for obtaining national criminal history records information.

(b) Business entity application.--Upon designating one or more individuals licensed under this act to be responsible for the business entity's compliance with the insurance laws and regulations of the Commonwealth, a business entity may apply to the department for an insurance producer license for the same lines of authority held by the designated licensees. A business entity with an office in this Commonwealth shall apply for a resident insurance producer license. A business entity that does not have an office in this Commonwealth shall apply for a nonresident insurance producer license. The designated licensees of the business entity shall submit to the department:

(1) a completed application indicating the lines of authority for which the business entity desires to be licensed;

(2) proof of the licenses held by the designated licensees; and

(3) the required license fee.

(c) License fee.--

(1) Residents. A nonrefundable $55 fee shall accompany an application for a resident insurance producer license until modified by the department by regulation.

(2) Nonresidents. A nonrefundable $110 fee shall accompany an application for a nonresident insurance producer license until modified by the department by regulation.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 310.5. Application for insurance producer license - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-310-5/

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