Section 1029.11. Professional liability insurance

Latest version.

(a) A broker shall continuously maintain professional liability insurance in the amount of $50,000, including coverage for errors and omissions caused by the broker’s negligence in the performance of duties from an insurer authorized to do business in this Commonwealth.
(b) A broker registration will not be issued or renewed unless confirmation of required insurance has been filed with the Authority as provided in § 1025.2 (relating to insurance forms and procedures).

                    
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