Section 310.10 - Reciprocal licensing(a) Nonresident individuals.--(1) An individual who is currently licensed as a resident insurance producer in another state or territory may apply to the department for a nonresident insurance producer license for the equivalent lines of authority as the individual is licensed in the individual's home state. The individual shall submit to the department a completed application or an updated copy of the individual's home state application indicating the lines of authority for which the individual desires to be licensed, proof of the individual's current home state license and the required license fee. If the individual desires a nonresident insurance producer license for a line of authority for which the individual is not licensed in the individual's home state, the individual shall comply with the requirements of this act prior to making application to the department.(2) Upon receipt and review of the application, proof of the home state license and the fee, the department shall issue a nonresident insurance producer license to the individual for the equivalent lines of authority for which the individual is licensed in the individual's home state. The department may verify the individual's licensing status through the Producer Database maintained by the NAIC. The department may deny the application if the individual's home state does not award nonresident insurance producer licenses to resident licensees of this Commonwealth on the same basis.(b) Nonresident business entities.--(1) Upon designating one or more individuals licensed under this act to be responsible for the business entity's compliance with the insurance laws and regulations of this Commonwealth, a business entity which is currently licensed as a resident insurance producer in another state or territory may apply to the department for a nonresident insurance producer license for the equivalent lines of authority as the business entity is licensed in its home state. The designated licensees of the business entity shall remit to the department a completed business entity application or an updated copy of the business entity's home state application indicating the lines of authority for which the business entity desires to be licensed and for which the business entity is licensed in the other state, proof of the business entity' s current home state license and the required license fee.(2) Upon receipt and review of the application, proof of the home state license and the fee, the department shall issue a nonresident insurance producer license to the business entity for the equivalent lines of authority as the business entity is licensed in its home state if the department determines that the business entity and its designated licensees are licensees in good standing in the business entity's home state. The department may verify licensing status through the Producer Database maintained by the NAIC. The department may deny the application if the business entity's home state does not award nonresident insurance producer licenses to resident licensees of this Commonwealth on the same basis.1921, May 17, P.L. 789, art. VI-A, § 610-A, added 2002, Dec. 6, P.L. 1183, No. 147, § 2, effective in 180 days.