An Act amending the act of May 17, 1921 (P.L.789, No.285), known as The Insurance Department Act of 1921, in insurance producers, further providing for powers and duties of department.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends Pennsylvania’s Insurance Department Act of 1921 to clarify the Department of Insurance’s authority over insurance producer education. Specifically, it grants the commissioner the exclusive power to approve or contract to approve programs that prepare candidates for insurance producer licensing exams, exempting these programs from regulations under the Private Licensed Schools Act. This ensures consistent standards for pre-licensing education.
Key provisions
- The commissioner is granted exclusive authority to approve or contract to approve insurance producer pre-examination educational courses or programs.
- Approved courses are exempt from the requirements of the Private Licensed Schools Act.
- The amendment clarifies the Department of Insurance’s role in regulating insurance producer education.
Who is affected
- Insurance producers
- The Department of Insurance
- Educational institutions offering insurance producer training programs
Notable changes
- Expands the Department of Insurance’s authority over pre-licensing education.
- Creates an exemption for approved insurance producer education programs from the Private Licensed Schools Act.
Bill text
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Document of record
- Version
- Pn 1498 Html
- Published
- Not published in the source record
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Sponsors
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4 on record
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