DOING BUSINESS IN PENNSYLVANIA
The Commonwealth of Pennsylvania is part of the U.S. insurance regulatory framework which is a highly coordinated state-based national system designed to protect policyholders and to serve the greater public interest through the effective regulation of the U.S. insurance marketplace. Through the National Association of Insurance Commissioners (NAIC), U.S. insurance regulators, establish national standards and best practices, conduct peer reviews and coordinate their regulatory oversight to better protect the interests of consumers while ensuring a strong, viable insurance marketplace. U.S. insurance regulators also participate in the International Association of Insurance Supervisors (IAIS) along with the NAIC by participating in all its major standard setting initiatives, including working with fellow regulators from around the world to better supervise cross-border insurers, identifying systemic risk in the insurance sector and creating international best practices.
RESOURCES FOR DOING THE BUSINESS OF INSURANCE IN PENNSYLVANIA:
ENTITIES REGULATED BY THE PENNSYLVANIA INSURANCE DEPARTMENT:
THE VIOLENT CRIME CONTROL AND LAW ENFORCEMENT ACT OF 1994:
Department Notice 2010-08 and Application. This application form is used by individuals who, because of a criminal felony conviction involving dishonesty or a breach of trust, are prohibited by The Violent Crime Control and Law Enforcement Act of 1994, 18 U.S.C.
§1034, from engaging or participating in the business of insurance without the specific written consent of the Pennsylvania Insurance Department.