Regulations
If an Insurer terminates a Producer's appointment
the commissioner must be notified within 30 days following the termination
if a producer is unable to comply with the license renewal requirement due to military service
the producer may request the department to waive the continuing education requirment
failure to report terminations may result
up to $5,000 fine
appointment fee must be paid by insurer within
30 days
every producer licensed must notify the department in writing within____ of any change in address
30 days
the department must conduct an exam of every insurer at least once every ____ years
5
exemption from licensing
An insurance producer license is not required of any person, provided they are not involved with the actual sale of an insurance contract and do not receive any commission.
the licensee is required to notify the ____ in writing prior to use the of the fictitious name
commissioner
licensees must make a report of any administrative action taken against them in another jurisdiction within ___ days of the final disposition of the matter
30
the commissioner may issue a temporary producer's license without requiring exam if
-to the surviving spouse or family of the deceased producer -to the spouse, family, employee, or conservator of a producer who is disabled -to the designee of a licensed producer who enters active service in the armed forces -public interest best served deemed by commissioner
if an insurance company violates the laws of the commonwealth, the commissioner may:
1) suspend the company's certificate of authority 2) refuse to issue a new certificate for up to 1 year 3) impose a penalty between 5,000 and 25,000 for each violation
the insurer must mail a notice to the producer within ___ days after the notification is sent to the commissioner
15
If a licensed person is moving to Pennsylvania, he or she may become licensed as a resident if they submit a completed application within how many days of establishing residence in Pennsylvania with proof of licensing from their prior home state?
90