Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 4203 - Licensure of vendors(a) Requirement.--A vendor is required to hold a limited lines insurance producer license to sell, solicit or negotiate coverage under a policy of portable electronics insurance.(b) Limited lines license.--A limited lines license issued under this act shall authorize an employee or authorized representative of the vendor to sell, solicit or negotiate coverage under a policy of portable electronics insurance to a customer at each location where the vendor engages in portable electronics transactions and to receive compensation from the vendor for those activities.(c) List of locations.--The vendor shall maintain a list of the locations in this Commonwealth where it offers coverage and provide the list upon request to the department.(d) License.--Notwithstanding any other provision of law, a license issued under this section shall authorize the licensee and its employees or authorized representatives to engage in those activities that are permitted in this section.Added by P.L. 995 2012 No. 112, § 3, eff. 11/2/2012.