What is the fee for reinstatement of a lapsed license?

Prepare for the Pennsylvania Surplus Lines Exam with flashcards and multiple-choice questions, complete with explanations. Ace your test!

The reinstatement of a lapsed license typically incurs a fee that serves both as a penalty for the lapse and as a processing fee to reinstate the license. The correct answer indicates that the reinstatement fee is two times the original fee required by the relevant act. This approach is common in many licensing systems to encourage timely renewal and help fund the administrative costs associated with processing reinstatements.

In this case, the rule reflects an effort to maintain the integrity of the licensing process while also disincentivizing individuals from allowing their licenses to lapse. By having a reinstatement fee that is greater than the original fee, it financially motivates license holders to keep their licenses current and avoid the added cost of reinstatement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy