What is the required action to be taken by a Pennsylvania licensee before operating under an assumed business name?

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What is the required action to be taken by a Pennsylvania license before operating under an assumed business name?
What is the purpose of the Pennsylvania Life and Health Insurance Guaranty Association?
What disqualifies you from getting insurance license in Pennsylvania?
Who is required to notify the producer in the event of appointment termination?

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Resident Business Entities - All resident business entities must obtain name approval from the Pennsylvania Insurance Department and then register with the Pennsylvania Department of State.

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National Insurance Producer Registry (NIPR)

Submit a Fictitious/Business Entity Name to the Insurance Department

Registering with Department of State

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What is the required action to be taken by a Pennsylvania license before operating under an assumed business name?

Any entity (including an individual/sole proprietorship, corporation, partnership, association or other combination or group of persons) which conduct(s) any business in Pennsylvania under an assumed or fictitious name must register the fictitious name by filing a Registration of Fictitious Name form [DSCB:54-311].

What is the purpose of the Pennsylvania Life and Health Insurance Guaranty Association?

The Pennsylvania Life & Health Insurance Guaranty Association was created by the Pennsylvania legislature in 1978 to protect state residents who are policyholders and beneficiaries of policies issued by an insolvent insurance company, up to specified limits.

What disqualifies you from getting insurance license in Pennsylvania?

While an application for licensure may be denied for several reasons (including an applicant's conviction of any felony, or a misdemeanor involving the misuse or theft of money or property of another), we often find that criminal histories do not always require the application be denied.

Who is required to notify the producer in the event of appointment termination?

Appointment Terminations Section 15 of the PLMA imposes a requirement on insurers to report terminations of producer appointments. Section 15 requires that the insurer report a termination within 30 days of its occurrence.