31 Pa. Code § 39a.1

Current through Register Vol. 54, No. 45, November 9, 2024

Section 39a.1 - Definitions

The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

Act-The Insurance Department Act of 1921 (40 P. S. §§ 1-326.7).

Applicant-An individual applying for an insurance producer license.

Approved course-An educational program presented by means of classroom, Internet-based or correspondence study, and certified by the Commissioner as meeting the education requirements of this chapter.

Commissioner-The Insurance Commissioner of the Commonwealth.

Credit hour-Fifty minutes of classroom instruction or the equivalent thereof as determined by the Commissioner.

Department-The Pennsylvania Insurance Department.

Home state-As defined in section 601-A of the act (40 P. S. § 310.1).

Instructor-An individual responsible for teaching an approved course.

Insurance producer-A person licensed to sell, solicit or negotiate insurance in accordance with the act.

License-A document issued by the Department authorizing the named recipient to conduct business as an insurance producer in this Commonwealth.

License period-The period of time from the issue date to the expiration date stated on the license.

Nonresident insurance producer-As defined in section 601-A of the act.

Partnership policies-Long-term care insurance policies that satisfy the requirements in the Federal Deficit Reduction Act of 2005 (42 U.S.C.A. § 1396p).

Person-

(i) An individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds insurer, fraternal benefit society, beneficial association and any other legal entity engaged in the business of insurance, including insurance producers and adjusters.

(ii) The term also includes health care plans as defined in 40 Pa.C.S. Chapters 61, 63, 65 and 67 and in the Health Maintenance Organization Act (40 P. S. §§ 1551-1568). For purposes of this chapter, health care plans, fraternal benefit societies and beneficial societies shall be deemed to be engaged in the business of insurance.

Preexamination education-Education required under section 604-A of the act (40 P. S. § 310.4), regarding license prerequisites.

Program administrator-The person or entity responsible for the administration of the education contract.

Resident insurance producer-A licensed insurance producer whose home state is this Commonwealth.

Sponsor-A person offering or providing an approved course.

Student-An individual subject to the preexamination education requirements of section 604-A of the act or a licensed insurance producer subject to the continuing education requirements of section 608-A of the act (40 P. S. § 310.8), regarding license renewals.

Successfully complete-To complete an approved course for which a valid course completion certificate is issued.

31 Pa. Code § 39a.1