Section 991.1514 - Duty of agent or broker to obtain license(a)(1) No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in this Commonwealth for a risk retention group unless such person, firm, association or corporation is licensed either as an insurance agent in accordance with section 603 of the act of May 17, 1921 (P.L. 789, No. 285), known as "The Insurance Department Act of one thousand nine hundred and twenty-one," or as an insurance broker in accordance with section 622 of "The Insurance Department Act of one thousand nine hundred and twenty-one." (2) No person, firm, association or corporation shall act or aid in any manner in negotiating or procuring liability insurance in this Commonwealth for a purchasing group or for any of its members from an admitted insurer or a risk retention group unless such person, firm, association or corporation is licensed either as an insurance agent in accordance with section 603 of "The Insurance Department Act of one thousand nine hundred and twenty-one" or as an insurance broker in accordance with section 622 of "The Insurance Department Act of one thousand nine hundred and twenty-one."(b)(1) No person, firm, association or corporation shall act or aid in any manner in negotiating or procuring liability insurance from a nonadmitted insurer on behalf of a purchasing group unless such person, firm, association or corporation is licensed as a surplus lines agent in accordance with section 1615. (2) Notwithstanding the provisions of section 1615, a nonresident of this Commonwealth who acts in this Commonwealth solely on behalf of a purchasing group or a risk retention group in obtaining liability insurance with a nonadmitted insurer is exempt from the requirements of maintaining an office in this Commonwealth in order to obtain a surplus lines agent's license for the limited purpose of effecting coverage for such purchasing group or risk retention group.(c) Every person, firm, association or corporation licensed pursuant to the provisions of this section shall inform each prospective insured of the provisions of the notice required by section 1505(a) in the case of a risk retention group and bysection 1510(c) in the case of a purchasing group.(d) This section shall not apply to officers or salaried employes of any risk retention group or purchasing group who do not solicit, negotiate or place risks.1921, May 17, P.L. 682, No. 284, art. XV, § 1514, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days. Amended 1994, Feb. 17, P.L. 92, No. 9, § 14, imd. effective.