(a) Individuals.--The department shall review each application and may conduct an investigation of each individual who applies for a license in accordance with this act. The department shall issue a resident or nonresident public adjuster license, as appropriate, to the applicant when the department is satisfied the following criteria have been met:
(1) the applicant has reached 18 years of age;
(2) the applicant has not committed any act which is prohibited under this act;
(3) the applicant has passed or is exempt from the public insurance adjuster licensing examination;
(4) the applicant has paid the applicable fees established under this act;
(5) the applicant possesses the general fitness, competence and reliability sufficient to satisfy the department that the applicant is worthy of licensure; and
(6) other criteria as the department may establish.
(b) Business entities.--The department shall review each business entity application and may conduct an investigation of each business entity seeking licensure and its designated licensees. The department shall issue a resident or nonresident public adjuster license, as appropriate, to the business entity when the department is satisfied the following criteria have been met:
(1) the business entity has one or more designated licensees who are responsible for the business entity's compliance with the insurance laws and regulations of this Commonwealth;
(2) the business entity's designated licensees and officers, partners or members are licensees in good standing with the department;
(3) if a corporation or limited liability company, individual public adjuster licenses shall be held by or secured for each officer of the corporation or limited liability company;
(4) if a partnership, limited liability partnership or association, individual public adjuster licenses shall be held by or secured for each partner or member of the association;
(5) the business entity or its designated licensees have not committed an act which is prohibited under this act;
(6) the business entity is owned, operated and managed by persons possessing the general fitness, competence and reliability sufficient to satisfy the department that the business entity is worthy of licensure;
(7) the business entity has paid the applicable fees established under this act; and
(8) other criteria as the department may establish.
Credits
1983, Dec. 20, P.L. 260, No. 72, § 2.2, added 2012, April 3, P.L. 209, No. 21, § 2, effective in 180 days [Oct. 1, 2012].
63 P.S. § 1602.2, PA ST 63 P.S. § 1602.2
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
