Licensing

Act 72 of 1983, § 2.2, under PUBLIC ADJUSTER LICENSING LAW.

Act 72 of 1983, § 2.2

Section 2.2. Licensing.

(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.

(2.2 added Apr. 3, 2012, P.L.209, No.21)