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