Current through Register Vol. 54, No. 52, December 28, 2024
Section 37a.7 - [Effective 2/12/2025] General application requirements(a)Individual application. An individual applicant for an insurance producer license shall electronically remit to the department through its approved vendor or authorized service a completed application, including the following: (1) An indication of the lines of authority for which the applicant seeks to be licensed.(2) The required license fee in accordance with § 37a.3 (relating to schedule of fees).(3) The applicant's fingerprints to be submitted for the department to obtain national criminal history record information, except where reciprocal licensing is permitted under section 610-A of the act (40 P.S. § 310.10).(4) The fee associated with obtaining the National criminal history record information, if applicable.(5) Documentation verifying that the applicant passed the insurance producer licensing examination on the lines of authority for which the applicant desires a license or is exempt under section 604-A(d) of the act (40 P.S. § 310.4(d)) from the insurance producer licensing examination.(b)Prerequisites. The individual applicant shall follow the procedures in section 604-A of the act to obtain the license prerequisites prior to applying for licensure.(c)Examination results.(1) Certification of the applicant's score report for individual applicants who have passed a licensing examination will be directly reported by the testing vendor to the department.(2) Test scores and results are valid for 1 year from the passing date of the examination. Applications received with older test results will be rejected.(d)Business entity application. A business entity applicant, through its designated licensee, may apply to the department for an insurance producer license for the same lines of authority held by the entity's designated licensees, by electronically remitting to the department's vendor or authorized representative a completed application indicating the lines of authority for which the business entity desires to be licensed, proof of the licenses held by the designated licensees, and the required license fee set forth in § 37a.3.(e)Additional requirements for business entities. An insurance producer license will not be granted to a business entity unless the business entity is eligible under section 606-A(b) of the act (40 P.S. § 310.6(b)) and individual licenses are obtained for each qualifying designated licensee or exclusive general agent in accordance with section 631-A of the act (40 P.S. § 310.31), pertaining to licensing of managers and exclusive general agents.Adopted by Pennsylvania Bulletin, Vol 54, No. 50. December 14, 2024, effective 2/12/2025