40 Pa. Stat. § 310.4

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 310.4 - License prerequisites
(a) General rule.--Prior to applying to the department for an insurance producer license, an individual shall do the following:
(1) satisfactorily complete the preexamination education requirements of subsection (b); and
(2) pass an insurance producer licensing examination required for the lines of authority for which a candidate desires a license.
(b) Preexamination education requirements.--Prior to making an application for the insurance producer licensing examination, an individual who desires to be licensed as an insurance producer shall complete a minimum of 24 credit hours of approved preexamination courses. Upon satisfactory completion of an approved preexamination course of study, the individual shall be issued proof of completion by the provider.
(c) Insurance producer licensing examination.--Except as provided in subsection (d), upon satisfactory completion of an approved preexamination course of study a candidate may apply to take an insurance producer licensing examination. A candidate shall remit a completed application for examination indicating the lines of authority for which the candidate desires to be licensed, a copy of the candidate's approved preexamination study certificate and the nonrefundable examination fee established by the department prior to taking an insurance producer licensing examination.
(d) Exceptions.--The examination or preexamination education requirements of this act shall not be required if the person is:
(1) A business entity.
(2) A person who possesses the professional designation of Chartered Life Underwriter (CLU) and is applying for life or accident and health line of authority.
(3) A person who possesses the professional designation of Chartered Property and Casualty Underwriter (CPCU) and is applying for property, casualty or accident and health line of authority.
(4) A person who possesses the professional designation of Certified Insurance Counselor (CIC) and is applying for life, accident and health or property and casualty line of authority.
(5) A person who possesses any other professional designation for which the requirements are waived by the commissioner.
(6) A person who is licensed in another state as an insurance producer for the lines of authority for which the person desires to be licensed under section 606-A or 610-A.
(7) A person who has a line of authority limited to limited line credit insurance.
(8) A person who has a line of authority limited to a limited line.
(9) An individual whose line of authority will be restricted to domestic mutual fire insurance and will be with an insurer writing only coverage other than insurance upon automobiles as authorized by section 202(b)(1) through (3) of the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921.
(10) The individual whose line of authority will be restricted fraternal pursuant to section 609 of the act of December 14, 1992 (P.L. 835, No. 134) , known as the Fraternal Benefit Societies Code.

40 P.S. § 310.4

1921, May 17, P.L. 789, art. VI-A, § 604-A, added 2002, Dec. 6, P.L. 1183, No. 147, § 2, effective in 180 days.