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§ 4203. Licensure of vendors

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: November 2, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 42. Portable Electronics Insurance Act
Effective: November 2, 2012
40 P.S. § 4203
§ 4203. Licensure of vendors
(a) Requirement.--A vendor is required to hold a limited lines insurance producer license to sell, solicit or negotiate coverage under a policy of portable electronics insurance.
(b) Limited lines license.--A limited lines license issued under this act shall authorize an employee or authorized representative of the vendor to sell, solicit or negotiate coverage under a policy of portable electronics insurance to a customer at each location where the vendor engages in portable electronics transactions and to receive compensation from the vendor for those activities.
(c) List of locations.--The vendor shall maintain a list of the locations in this Commonwealth where it offers coverage and provide the list upon request to the department.
(d) License.--Notwithstanding any other provision of law, a license issued under this section shall authorize the licensee and its employees or authorized representatives to engage in those activities that are permitted in this section.

Credits

2012, July 5, P.L. 995, No. 112, § 3, effective in 120 days [Nov. 2, 2012].
40 P.S. § 4203, PA ST 40 P.S. § 4203
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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