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Current as of January 01, 2022 | Updated by FindLaw Staff
(a) General rule.--If the department determines that the issuance of a temporary insurance producer license is in the public interest and that the person requesting the license is worthy to receive a temporary license, the department may issue a temporary insurance producer license to the following persons:
(1) The surviving spouse or court-appointed personal representative of a resident individual licensee who dies or becomes mentally or physically disabled. The temporary license shall be used by the spouse or representative to operate the insurance business owned by the licensee until:
(i) the business is sold or transferred;
(ii) the licensee recovers and returns to the business; or
(iii) new personnel is trained and licensed to operate the licensee's business.
(2) An owner, partner or employee of a business entity licensee upon the death or disability of the designated licensee. The temporary license shall be used by the owner, partner or employee to operate the business entity until:
(i) the business is sold or transferred; or
(ii) new personnel is trained, licensed and designated as the designated licensee.
(3) The designee of an individual licensee who enters active service in the armed forces of the United States.
(4) Any other person in an extenuating circumstance where the commissioner deems that the public interest will best be served by the issuance of a temporary license.
(b) Period of license.--The temporary license shall be for a period not to exceed 180 days and is not transferable.
(c) Other requirements.--The department may impose requirements upon a temporary licensee, including requiring a sponsoring insurer and limiting the lines of authority of a temporary licensee, as deemed necessary to protect insureds and the public.
(d) Revocation.--The department may immediately and without notice revoke a temporary license if it is deemed in the public interest.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 40 P.S. Insurance § 310.9. Temporary licensing - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-40-ps-insurance/pa-st-sect-40-310-9/
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 or via Westlaw before relying on it for your legal needs.
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