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§ 910-26. Agents; to be certified and appointed

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article VII. Title Insurance Companies (Refs & Annos)
40 P.S. § 910-26
§ 910-26. Agents; to be certified and appointed
Currentness
(a) Agents shall make application for a certificate of qualification with the Insurance Department for authority to act as a title insurance agent in the manner provided for in section 603 of the act of May 17, 1921 (P.L. 789, No. 285), known as “The Insurance Department Act of 1921.” Upon certification, an agent may be appointed by a title insurer with notice of such appointment to the Insurance Department in the manner provided for in section 605 of “The Insurance Department Act of 1921.”1
(b) Certificates of qualification for agents shall expire biennially based on the date of original issue. Certificates of qualification shall be renewed in accordance with procedures and schedules set forth under section 601 of “The Insurance Department Act of 1921,”2 and any regulations promulgated thereunder.
(c) In addition to the requirements set forth in subsection (a), all agents for a title insurance company shall:
(1) pass an examination required by the Insurance Department demonstrating reasonable familiarity with applicable insurance laws and the business of title insurance in general; and
(2) satisfy the continuing education requirements for agents and brokers under 31 Pa. Code Ch. 39 (relating to continuing education for insurance agents and brokers), with the following exceptions:
(i) Title insurance agents will not be subject to the forty-eight credit-hour requirement under 31 Pa. Code § 39.8(b)(2) (relating to credit hours), but in lieu of forty-eight credit hours, will be required to complete twenty-four credit hours for each licensing period.
(ii) Title insurance agents who are attorneys and by virtue of satisfying their continuing legal education (CLE) requirement need only to complete at least three credit hours of courses of title insurance content approved by the Insurance Department.

Credits

1921, May 17, P.L. 682, art. VII, § 726, added 1963, Aug. 14, P.L. 922, § 3. Amended 1995, Dec. 21, P.L. 714, No. 79, § 7, effective in 60 days.

Footnotes

1
40 P.S. § 235 (repealed); see 40 P.S. § 310.71.
2
40 P.S. § 231 (repealed); see 40 P.S. § 310.1.
40 P.S. § 910-26, PA ST 40 P.S. § 910-26
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document