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2012 SESSION

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HB 209 Insurance agents; continuing education requirements.

Introduced by: Jackson H. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Insurance agents; continuing education. Streamlines the continuing education process for insurance agents. The measure provides a producer a period of time during which he has the opportunity to correct errors and effect compliance with continuing education requirements. Provisions that conditioned an insurance agent's ability to submit late proof of compliance or reinstate a license upon payment of monetary penalties are eliminated. The measure also amends the requirement that two continuing education credit hours be in insurance law and regulations to require that three credit hours be in insurance ethics, which may include insurance law and regulations. The deadline for completing continuing education course, exemption, or waiver requirements is changed from December 31 to November 30, and any agent who fails to meet this deadline is given a final opportunity to complete the requirements if proof of completion is submitted by December 31. The measure eliminates (i) requirements that a status report be provided prior to the end of each biennium to each agent who has not satisfied continuing education requirements and (ii) the provision prohibiting agents whose license has been terminated for failing to comply with the continuing education requirements from applying for a new license prior to the expiration of a period of 90 calendar days from the date of license termination. The measure also shortens the time for the Insurance Continuing Education Board to grant or reject a grievance from 30 to 15 days. The measure will become effective January 1, 2013.


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