§ 40.62. Professional liability insurance.

 (a)  Beginning January 1, 2005, or upon applying for a certificate of authorization, whichever occurs earlier, a licensee who applies for and obtains a certificate of authorization shall obtain and maintain professional liability insurance coverage in the minimum amount required to be maintained by physicians under section 711 of the Medical Care Availability and Reduction of Error (MCARE) Act (40 P. S. §  1303.711).

 (b)  A certificateholder shall notify the Board within 30 days of the holder’s lapse in coverage of the required insurance.

 (c)  The certificate of authorization will automatically be suspended upon failure to be covered by the required insurance and will not be restored until submission to the Board of satisfactory evidence that the licensee has the required professional liability insurance.

 (d)  Satisfactory evidence of insurance coverage is any one of the following:

   (1)  A self-insurance plan that meets the standards and procedures established by the Insurance Department in 31 Pa. Code Chapter 243 (relating to medical malpractice and health-related self-insurance plans).

   (2)  Personally purchased professional liability insurance.

   (3)  Professional liability insurance, coverage provided by the licensee’s employer.

   (4)  A similar type of coverage.

   The provisions of this §  40.62 issued under section 3 of the Physical Therapy Practice Act (63 P. S. §  1303); and section 812.1 of The Administrative Code of 1929 (71 P. S. §  279.3a).

   The provisions of this §  40.62 adopted July 16, 2004, effective July 17, 2004, 34 Pa.B. 3700.

   This section cited in 49 Pa. Code §  40.61 (relating to certificate of authorization to practice physical therapy without a referral).