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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) General rule.--A licensee may request renewal of the license. The licensee shall remit to the department a completed renewal form, the required fee and verification that the licensee has completed the continuing education required by this act. A resident licensee that has not previously submitted fingerprints to the department shall also submit the licensee's fingerprints and the fee in order to permit the department to receive national criminal history records information from the Federal Bureau of Investigation Criminal Justice Information Services Division. Upon receipt and review, the department shall renew the license unless it determines that the licensee is not in compliance with this act. The information provided under this subsection shall not be limited by 18 Pa.C.S. § 9121(b)(2) (relating to general regulations).
(b) Continuing education.--
(1) A licensee shall successfully complete 24 credit hours of approved continuing education for each two-year license period as a condition for license renewal unless modified by the department by regulation. A licensee may carry forward excess continuing education credit hours up to a maximum of 24 credit hours from one licensing period to the next licensing period.
(2) For each licensee, at least three of the 24 credit hours of approved continuing education required under paragraph (1) must be on the topic of ethics. The following apply:
(i) For an individual licensed prior to the effective date of this subparagraph, 1 the individual shall satisfy the ethics requirement under this paragraph within 12 months of the effective date of this subparagraph or by the end of the individual's license period existing on the effective date of this subparagraph, whichever period of time is longer.
(ii) For an individual licensed on or after the effective date of this subparagraph, 2 the individual shall satisfy the ethics requirement under this paragraph on or before the end of the individual's first license period.
(3) For each licensee with a property and casualty line of authority, at least two of the 24 credit hours of approved continuing education required under paragraph (1) must be on the topic of flood insurance. The following apply:
(i) For an individual licensed prior to the effective date of this subparagraph, 3 the individual shall satisfy the flood insurance requirement under this paragraph within 12 months of the effective date of this subparagraph or by the end of the individual's license period existing on the effective date of this subparagraph, whichever period of time is longer.
(ii) For an individual licensed on or after the effective date of this subparagraph, 4 the individual shall satisfy the flood insurance requirement under this paragraph on or before the end of the individual's first license period.
(c) Continuing education exemptions.--The following licensees shall be exempt from the requirements of continuing education:
(1) A licensee who was licensed as an agent or broker for a line of authority prior to January 1, 1971, and who has been continuously licensed as an agent, broker or producer for the line of authority since that time.
(2) A licensee which is a business entity.
(3) A licensee who has only a limited line of authority.
(4) A licensee who has a line of authority limited to restricted fraternal.
(5) A licensee who has a line of authority limited to limited line credit insurance if the insurer provided a course of instruction to each individual whose duties will include selling, soliciting or negotiating the insurance.
(6) A nonresident licensee who has satisfied the continuing education requirements of the licensee's home state if that state recognizes the satisfaction of its continuing education requirements by a resident licensee satisfying the requirements of this act. If the licensee's home state has continuing education requirements and the nonresident licensee fails to satisfy the home state's continuing education requirements, the licensee shall be subject to continuing education requirements of this act.
(7) A licensee's line of authority is restricted to domestic mutual fire insurance and the licensee's appointment is with an insurer writing only coverage other than insurance upon automobiles as authorized by section 202(b)(1) through (3) of the act of May 17, 1921 (P.L. 682, No. 284), 5 known as The Insurance Company Law of 1921.
(d) Lapses.--A licensee who allows his or her license to lapse by failing to timely renew the license, pay the fee required by this act or complete the continuing education required by this act may within one year of the license renewal date request the department to reinstate the license. Persons requesting reinstatement of a lapsed license shall submit a completed renewal form, the fee required by this act and verification that the person has completed all continuing education required by subsection (b) for the previously licensed and lapsed periods. The department shall reinstate the license retroactively, with the reinstatement effective on the date the license lapsed, if the department receives a request for reinstatement together with a completed renewal application, payment of the lapsed license fee and proof of continuing education compliance within 60 days after the license lapsed. The department shall reinstate the license prospectively, with reinstatement effective on the date that the license is reinstated, if the department receives a request for reinstatement of a lapsed license more than 60 days after the license lapsed. If a person applies for reinstatement more than one year after the lapse date, the person shall reapply for the license under this act.
(e) Extenuating circumstances.--A licensee who is unable to timely comply with the requirements of subsection (a) as a result of military service or other extenuating circumstance may request the department to waive the requirements of having to complete continuing education for the period in which the license had lapsed and payment of the lapsed license fee. The request shall include sufficient detail and supporting documentation to determine the necessity of the waiver. If the department determines that there is good cause for noncompliance, the department shall grant the waiver and permit the licensee to request renewal of the license in accordance with this act.
(f) Renewal fees.--The following nonrefundable fees shall accompany an application for renewal of an insurance producer license unless modified by the department by regulation:
(1) Resident renewal fee - $55.
(2) Nonresident renewal fee - $110.
(3) Lapsed license renewal fee - $165.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 310.8. License renewals - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-310-8/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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