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§ 991.1623. Suspension, revocation or nonrenewal of surplus lines licensee's license

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: June 30, 2011

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article XVI. Surplus Lines (Refs & Annos)
Effective: June 30, 2011
40 P.S. § 991.1623
§ 991.1623. Suspension, revocation or nonrenewal of surplus lines licensee's license
Currentness
The department may suspend, revoke or refuse to renew the license of a surplus lines licensee after notice and a hearing, as provided under the applicable provision of the laws of this Commonwealth, upon any one or more of the following grounds:
(1), (2) Deleted by 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days.
(3) Closing of the surplus lines licensee's office for a period of more than thirty (30) business days, unless permission is granted by the department.
(4) Failure to make and file required reports.
(5) Failure to collect or transmit required tax on surplus lines premiums.
(6) Deleted by 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days.
(7) Failure to remit premiums due insurers or return premiums due insureds in the normal course of business and within reasonable time limits.
(8) Violation of any provision of this act.
(9) For any other cause for which an insurance producer's license could be denied, revoked or suspended or refused upon renewal.

Credits

1921, May 17, P.L. 682, No. 284, art. XVI, § 1623, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days. Amended 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days; 2010, March 22, P.L. 147, No. 14, § 13, effective in 180 days [Sept. 20, 2010]; 2011, June 30, P.L. 194, No. 28, § 6, imd. effective.
40 P.S. § 991.1623, PA ST 40 P.S. § 991.1623
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document