PA Insurance laws and regulations
24 hours
Requirement for each two-year CE term
5 years
The commissioner must conduct an examination of every licensed insurer at least once every __ years
$10,000
$__ aggregate penalty for non willful violations
$50,000
$__ aggregate penalty for willful violations
$1,000
$__ per violation for non willful violations
$5,000
$__ per violation for willful violations
1 year
A lapsed producers license may be reinstated within____ years of the license renewal date
$5,000
A person found guilty of insurance fraud is subject to the following civil penalties: __ for the first violation
$10,000
A person found guilty of insurance fraud is subject to the following civil penalties: __ for the second violation
$15,000
A person found guilty of insurance fraud is subject to the following civil penalties: __ for the third violation
15 days
First party claims must be settled within __ working days
3 hours
Includes __ hours of ethics
30 days
Insurer must provide an explanation t the insured if a claim investigation cannot be completed within __ days
10 days
Insurers must acknowledge a claim and provide claim forms within __ working days.
15 days
Insurers must respond to a commissioner inquiry within __ working days
180 days
Length of temporary insurance producers license, without requiring an examination if a licensed producers dies, becomes disabled, or enters active military service
30 days
Life, accident or health insurance policy forms must be filed and approved by the commissioner. Once forms have been filed, they are considered approved after __ days unless the commissioner rejects them.
$5,000
Maximum producer fine per violation of the insurance code
Age 18
Minimum age to obtain producers license
24 hours
Number of hours that may be carried forward to next CE term
24 hours
Prelicensing education requirement
5 years
The commissioner must examine rating organizations at least once every __ years
10 days
The commissioner must give __ days notice of a hearing
2 years/24months
Producer licenses are issued for a term of ?
30 days
Producers time to notify the commissioner of change of address, administrative actions, or criminal charges
30 days
Rates must be filed for __ days before use