Taking Payments and Licensing
It may be strange to think about this question, but Pennsylvania is not alone in addressing this in their State Insurance Laws.
Pennsylvania addresses accepting premiums in several ways. Here is a link to one of the bulletins they have issued on this issue.
The important sections differentiate between in office premium payments and away from office premium payments.
Licensed producer activities:
4. Collecting premiums in person at other than a recorded
place of business.
Nonlicensed clerical and CSR activities:
11. Receiving premiums at the recorded place of business
where the payment is being made on a binder, endorsement or existing policy.
Compliance
At Simply Easier Payments we take compliance with all State insurance laws and regulations very seriously. We spend time each year updating our understanding of these issues to be certain we never put our users at risk.
Let me now you thoughts and questions.
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