Current through Register Vol. 54, No. 52, December 28, 2024
Section 37a.12 - [Effective 2/12/2025] Lines of authority(a) A business entity may only sell, solicit or negotiate a line of authority that is held by the business entity.(b) The authority to sell the lines of authority as defined in section 601-A of the act (40 P.S. § 310.1) may be granted by the department and reflected on the license.(c) If after meeting the appropriate requirements, an insurance producer intending to add another line or lines of authority to an existing license shall submit an application to the department and request that the new line or lines of authority be added to the insurance producer's existing license with the appropriate amended fee set forth in section 612-A of The Administrative Code of 1929 (71 P.S. § 240.12A).(d) An insurance producer who holds a license in good standing for a line of authority is not required to complete the pre-examination education requirement described under section 604-A(b) of the act (40 P.S. § 310.4(b)), before taking the examination for an additional line.Adopted by Pennsylvania Bulletin, Vol 54, No. 50. December 14, 2024, effective 2/12/2025