Pennsylvania Insurance Department Hires PSI
Insurance providers were recently notified that the Pennsylvania Insurance Department has contracted PSI Services LLC (PSI) to assume responsibility for Provider, Course and Instructor approvals for all pre-licensing and continuing education beginning July 2015. In addition, PSI will be responsible for the development and delivery of all insurance examinations.
Pennsylvania is the second state this year to announce it will be leaving Prometric and finding a new vendor. Maryland previously announced that it would be transitioning summer 2015 to Vertafore (formerly Sircon).
New Jersey, Michigan, and Georgia are all currently contracted with PSI for various licensee services. PSI remains one of the smaller, yet more effective technology services available to state regulators for the management of insurance education and licensing compliance. Pearson and Prometric, who are the primary licensing testing centers in the industry, have also provided review services for the approval of providers, courses, and instructors.