5743 - Issuance of license. - Pennsylvania Statutes

§ 5743. Issuance of license. (a) General rule.--The Insurance Department, upon receipt of: (1) an application for registration and licensure as a professional bondsman; and (2) an annual license fee of $50; shall, if it approves the application, register the applicant as a professional bondsman and issue him a license. (b) Duration.--Each license shall be valid for one year following the date of issue. (c) Nontransferable.--No license issued under this subchapter shall be assigned or transferred. 1981 Partial Repeal. Section 6 of Act 48 of 1981 provided that section 5743(a)(2) is repealed insofar as it establishes a set fee for any activity inconsistent with the fees set forth in Act 48 which established fees for Commonwealth agencies. Section 612-A of The Administrative Code of 1929, added by Act 48, authorizes the Insurance Department to charge a fee of $100 for an initial license for a professional bondsman and $50 for an annual renewal of the license.