Is a surplus lines license transferable?

A surplus lines license is specifically designed for individuals and is not transferable between individuals. This means that if someone possesses a surplus lines license, it is issued to them personally and is tied directly to their qualifications, background, and completed training. Each licensed individual must meet specific legal and regulatory requirements to maintain their license. Nontransferability ensures that the integrity and accountability associated with licensing are upheld, as each surplus lines broker is responsible for their actions and decisions.

The other potential options suggest various forms of transferability, such as approval for transfer or transferability under certain circumstances, but these do not align with the established regulations that govern surplus lines licensing in Pennsylvania. This strict approach reinforces the regulatory framework that brokers operate within, advocating for consumer protection and professional responsibility within the surplus lines market.