State RegulationsPA specificDifficulty 1/5
Under the Pennsylvania Insurance Department's license fee schedule, what fee does a resident individual producer pay for an initial or timely renewal license?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The Pennsylvania Insurance Department's official license matrix sets the resident individual producer's initial and timely renewal fee at $55. The $110 figure is the non-resident individual fee, $165 is the lapsed renewal fee, and $25 buys an additional line of authority on an active license. Keeping the four figures apart is a recurring examination task because the amounts are close and the parties and situations differ.
Why the other options are wrong
- B) $110 is the non-resident individual producer's initial and renewal fee, not the resident fee.
- C) $165 is the lapsed renewal fee that applies when the producer misses the timely renewal window, not the standard initial or renewal amount.
- D) $25 is the fee to amend an active license by adding a line of authority, not the base application or renewal fee.
Memory hook
Resident $55, non-resident $110, lapsed $165, extra line $25 — four fees, four doors.