PA State Insurance Regulations.pdf file:///C:/Users/HP/Desktop/NIW/PA%20State%20Insurance%20Reg
PA State Insurance Regulations
1. pre licensing education requirement
ANS 24 hours
2. minimum age to obtain license
ANS 18 years old
3. Length of temporary producer license
ANS 180 days
4. Producer licenses are issued for a term of
ANS 2 years
5. a lapsed producers license mat be reinstated within year(s) of the
license renewal date
ANS 1 year
6. Producers time to notify the commissioner of change of address, admin actions or
criminal charges
ANS 30 days
1/8
1 of 8 8/20/2024, 1:05
,PA State Insurance Regulations.pdf file:///C:/Users/HP/Desktop/NIW/PA%20State%20Insurance%20Reg
7. Commissioner must give days notice of a hearing
ANS 10 days
8. Maximum producer fine per violation of insurance code
ANS $5,000
9. The commissioner must examine rating organizations at least once every
years
ANS 5 years
10. rates must be filed for days before use
ANS 30 days
11. Life, accident, or health insurance policy forms must be filed and approved by the
commissioner. Once forms have been filed they are considered ap- proved after days
unless the commissioner rejects them
ANS 30 days
12. The commissioner must conduct an examination of every licensed insurer at least once
every years
ANS 5 years
13. A person found guilty of insurance fraud is subject to
ANS $5,000 for the first violation
2/8
2 of 8 8/20/2024, 1:05
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TIPSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
