31 Pa. Code § 115.20

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

Section 115.20 - Partnership or corporation application procedures

Procedures for partnerships or corporations are as follows:

(1) Partnerships or corporations shall apply for licensure using the appropriate licensing application form. The form shall be signed in the name of the partnership or corporation by each active partner or active officer, and be accompanied by the appropriate licensing application form for each active partner or active officer who is not currently licensed. Accompanying the licensing application shall be:

(i) The appropriate application fee.

(ii) A bond as required by statute.

(iii) A receipt from the surety stating the premium has been paid in full on the bond.

(iv) A copy of the contract to be used in this Commonwealth.

(v) A copy of the articles of incorporation as filed with the Department of State, Corporation Bureau.

(vi) A copy of the public adjuster license of each active partner or active officer, if applicable.

(2) Employees of partnerships and corporations who apply for a license shall apply in their individual capacity.

(3) The worthiness of a partnership or corporation is determined by the worthiness of the active partner or the active officer.

(4) The application shall be subscribed and sworn to before a notary public.

(5) Applications executed more than 3 months prior to the date of filing with the Department will not be accepted.

(6) Making a false statement in an application may constitute a ground for license denial or revocation.

(7) Initial licenses will be valid as of the date issued by the Department until the expiration date stated on the license, unless earlier revoked by the Commissioner.

(8) Before a license is granted, the applicant shall first answer and submit, in writing and under oath, interrogatories on forms prepared by the Department. When the Commissioner is satisfied that the applicant is worthy of a license and has paid any appropriate fees, the Commissioner will issue a license stating that the licensee has been authorized by the Department to transact business as a public adjuster or public adjuster solicitor within this Commonwealth.

31 Pa. Code § 115.20

The provisions of this §115.20 adopted January 17, 2003, effective 1/18/2003, 33 Pa.B. 346.

The provisions of this §115.20 issued under sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. §§ 66, 186, 411 and 412); and the act of December 20, 1983 (P. L. 260, No. 72) (63 P. S. §§ 1601-1608).