Pennsylvania Insurance Law & Code
This chapter covers the Pennsylvania statutes that protect policyowners and govern how policies are sold and serviced. It addresses the structure of the state code, required policy protections such as the free-look period, replacement rules, the guaranty association, and the grounds on which the regulator may discipline a license.
The Pennsylvania Insurance Code
The substantive rules come from the Pennsylvania insurance statutes (including the Insurance Department Act and Title 40 of the Pennsylvania Statutes), supplemented by administrative regulations. These provisions define who may transact insurance in the state, the required and prohibited policy provisions, and the enforcement powers of the regulator. They are the Pennsylvania-specific overlay on the national policy rules covered in the shared base material.
Free-Look and Required Policyowner Protections
Pennsylvania requires life and health policies to include consumer protections such as a free-look (right-to-examine) period, during which the owner may return the policy for a full premium refund if not satisfied. The code also mandates grace periods, required policy provisions, and clear disclosures so consumers understand their coverage and can reconsider a purchase within the review window.
Replacement, the Guaranty Association, and Discipline
When new coverage replaces existing life insurance or annuities, Pennsylvania replacement rules require notice, fair comparison, and documentation so the consumer is not harmed. The Pennsylvania Life and Health Insurance Guaranty Association provides a statutory backstop, within dollar limits, if a member insurer becomes insolvent -- but producers may not advertise it to induce a sale. The code also lists grounds -- fraud, misrepresentation, misappropriating premiums, and code violations -- on which the regulator may suspend or revoke a license.
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State-specific details
State exam facts
- State regulator
- Pennsylvania Insurance Department
- Exam vendor
- PSI
- Prelicensing education
- None (the 24-hour pre-exam course requirement was repealed effective 2025)
- Passing score
- 70%
Who regulates life & health insurance licensing in Pennsylvania?
The Pennsylvania Insurance Department licenses life, accident & health producers. It contracts with PSI Services to administer the Pennsylvania Insurance (PAIN) licensing exams.
Does Pennsylvania require prelicensing education for the life & health exam?
No longer. Following Senate Bill 1241 (signed October 31, 2024), the 24-hour pre-exam course is no longer required to sit for the exam, effective in 2025. Structured prep is still recommended for the Pennsylvania Title 40 content.
How is the Pennsylvania life & health exam structured?
Pennsylvania licenses life and accident & health together as one combined line of authority, so a single PSI exam covers life, annuities, health, and Pennsylvania law. A score of 70% is required to pass.
Sources: https://www.insurance.pa.gov, https://www.psiexams.com/test-takers/pennsylvania-insurance/
In the Pennsylvania Life & Health Insurance Producer Exam guide: A KEY CONCEPT box, a Common Traps list and a Check Yourself set closing each of the 9 national chapters. Practice here stays free.