Pennsylvania Adding Licensing and Training Requirements for Pet Insurance
Effective December 7, 2024, Pennsylvania will be adding licensing and training requirements for resident and nonresident insurance producers related to pet insurance.
Pet insurance producers must be appropriately licensed and complete the required training in order to sell, solicit, or negotiate a pet insurance policy or related product.
A pet insurer must ensure that its insurance producers are trained on:
-The topics discussed below; and
-The coverages and conditions of its pet insurance policies and related products.
The training must include information on:
-Pets' preexisting conditions and waiting periods;
-The differences between pet insurance and non insurance wellness programs;
-Pets' hereditary disorders, congenital anomalies or disorders, and chronic conditions, and how pet insurance policies interact with those conditions or disorders; and
-Rating, underwriting, renewal, and other related administrative topics.
-Satisfaction of substantially similar training requirements in another state will satisfy Pennsylvania's training requirements.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).