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                                                      PRINTER'S NO. 1173

THE GENERAL ASSEMBLY OF PENNSYLVANIA


HOUSE BILL

No. 1003 Session of 2007


        INTRODUCED BY DENLINGER, CREIGHTON, FRANKEL, GEORGE, JAMES,
           McILHATTAN, MILLARD, MYERS, PICKETT, RAPP, STERN AND
           YOUNGBLOOD, APRIL 3, 2007

        REFERRED TO COMMITTEE ON INSURANCE, APRIL 3, 2007

                                     AN ACT

     1  Amending the act of May 17, 1921 (P.L.789, No.285), entitled, as
     2     amended, "An act relating to insurance; establishing an
     3     insurance department; and amending, revising, and
     4     consolidating the law relating to the licensing,
     5     qualification, regulation, examination, suspension, and
     6     dissolution of insurance companies, Lloyds associations,
     7     reciprocal and inter-insurance exchanges, and certain
     8     societies and orders, the examination and regulation of fire
     9     insurance rating bureaus, and the licensing and regulation of
    10     insurance agents and brokers; the service of legal process
    11     upon foreign insurance companies, associations or exchanges;
    12     providing penalties, and repealing existing laws," further
    13     providing for exemptions from continuing education
    14     requirements.

    15     The General Assembly of the Commonwealth of Pennsylvania
    16  hereby enacts as follows:
    17     Section 1.  Section 608-A(c) of the act of May 17, 1921
    18  (P.L.789, No.285), known as The Insurance Department Act of
    19  1921, added December 6, 2002 (P.L.1183, No.147), is amended to
    20  read:
    21  Section 608-A.  License renewals.
    22     * * *
    23     (c)  Continuing education exemptions.--The following


     1  licensees shall be exempt from the requirements of continuing
     2  education:
     3         (1)  A licensee who was licensed as an agent or broker
     4     for a line of authority [prior to January 1, 1971, and] who
     5     has been continuously licensed as an agent, broker or
     6     producer for the line of authority [since that time] for more
     7     than twenty-five years.
     8         (2)  A licensee which is a business entity.
     9         (3)  A licensee who has only a limited line of authority.
    10         (4)  A licensee who has a line of authority limited to
    11     restricted fraternal.
    12         (5)  A licensee who has a line of authority limited to
    13     limited line credit insurance if the insurer provided a
    14     course of instruction to each individual whose duties will
    15     include selling, soliciting or negotiating the insurance.
    16         (6)  A nonresident licensee who has satisfied the
    17     continuing education requirements of the licensee's home
    18     state if that state recognizes the satisfaction of its
    19     continuing education requirements by a resident licensee
    20     satisfying the requirements of this act. If the licensee's
    21     home state has continuing education requirements and the
    22     nonresident licensee fails to satisfy the home state's
    23     continuing education requirements, the licensee shall be
    24     subject to continuing education requirements of this act.
    25         (7)  A licensee's line of authority is restricted to
    26     domestic mutual fire insurance and the licensee's appointment
    27     is with an insurer writing only coverage other than insurance
    28     upon automobiles as authorized by section 202(b)(1) through
    29     (3) of the act of May 17, 1921 (P.L.682, No.284), known as
    30     The Insurance Company Law of 1921.
    20070H1003B1173                  - 2 -     

     1     * * *
     2     Section 2.  This act shall take effect in 60 days.



















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