40 Pa. Stat. § 310.31

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 310.31 - License required
(a) General rule.--Except as provided in subsection (b), no person shall engage in any activities requiring a manager or exclusive general agent license without being licensed as a manager or exclusive general agent by the department.
(b) Exceptions.--The following persons shall not be required to be licensed as a manager or exclusive general agent:
(1) A licensee whose authority is limited primarily to the production of insurance business with limited underwriting authority.
(2) A manager or exclusive general agent operating under a management contract or exclusive general agency agreement entered into prior to December 22, 1965.
(3) A person subject to regulation as a managing general agent under Article VIII.
(c) Penalty.--A person that violates subsection (a) commits a misdemeanor of the third degree and, upon conviction, shall be sentenced to pay a fine not exceeding $1,000 for each day of operation without a license.

40 P.S. § 310.31

1921, May 17, P.L. 789, art. VI-A, § 631-A, added 2002, Dec. 6, P.L. 1183, No. 147, § 2, effective in 180 days.