Licenses and financial responsibility required of brokers - 66 Pa. Cons. Stat. § 2505

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     § 2505.  Licenses and financial responsibility required of
                brokers.
        (a)  General rule.--No person or corporation shall engage in
     the business of a broker in this Commonwealth unless such person
     holds a brokerage license issued by the commission. No such
     person or corporation, by virtue of a brokerage license, shall
     render service as a motor carrier unless he holds a certificate
     of public convenience or permit, as the case may be. It shall be
     unlawful for any broker to employ any motor carrier who or which
     is not the lawful holder of an effective certificate of public
     convenience or permit.
        (b)  License application and issuance.--Every application for
     a brokerage license shall be made to the commission in writing,
     be verified by oath or affirmation, and shall be in such form
     and contain such information as the commission may, by its
     regulations, require. A brokerage license shall be issued to any
     qualified applicant therefor, authorizing the whole or any part
     of the service covered by the application, if it is found that
     the applicant is fit, willing and able properly to perform the
     service proposed and to conform to the provisions of this part
     and the lawful orders and regulations of the commission
     thereunder, and that the proposed service, to the extent
     authorized by the license, will be consistent with the public
     interest and the policy declared in section 2501 (relating to
     declaration of policy and definitions); otherwise such
     application shall be denied.
        (c)  Regulation and bond.--The commission shall prescribe
     reasonable regulations to be observed by any broker for the
     protection of passengers or property transported by motor
     vehicle, and no brokerage license shall be issued or remain in
     force unless the holder thereof shall have furnished a bond or
     other security approved by the commission, in such form and
     amount as will insure the financial responsibility of the broker
     and the transportation of passengers or property in accordance
     with contracts, agreements or arrangements therefor.
        (d)  Transferability of permits and licenses.--Any permit or
     brokerage license issued under this chapter may be transferred
     pursuant to such regulations as the commission may prescribe.

Last modified: November 27, 2007