| License Type |
Continuing Education Requirement
|
| CREDIT
HOURS: |
|
Insurance
Agent:
|
Initial requirement following receipt
of a new license is 48 hours for the first two (2) licensing cycles.
Subsequent licensing cycles require a minimum of 24 credits. Certain
exemptions may apply based on initial year in which license was
awarded.
|
Insurance
Broker:
|
Initial requirement following receipt
of a new license is 48 hours for the first two (2) licensing cycles.
Subsequent licensing cycles require a minimum of 24 credits. Certain
exemptions may apply based on initial year in which license was
awarded.
|
| Compliance: |
With license
renewal- Licenses renew on the date the
License was issued, every 2 years.
|
| Training
Methods: |
Classroom,
Self Study
|
Course
Subject Requirements:
|
|
| Course
Subject Repetition: |
Courses can
only be taken once for credit per
License period
|
| Credit
Carry Over: |
A maximum of
24 hours may be carried over to
The next license reporting period.
|
| Method
of Certification: |
The course
provider must issue the certificate of
Completion to the producer. The course provider
Reports the credits to the CE Administrator.
Currently, Innovative IT Solutions.
The CE Administrator processes the CE credits
Within 10 business days of receipt and reports them
To the Department of Insurance.
The CE Administrator will send the producer within
90 days of the license expiration, a copy of the CE
courses taken and recorded during the compliance
period. Producers must keep original certificates of
course completion for 6 years.
|
| Exemptions: |
(A) Producers licensed continuously
since 12/31/70,
Unless an additional line of authority was added
After that date
(B) Individuals whose only line of authority is a restricted Line
(C) Individuals licensed only for Fraternal (restricted)
(D) Licensees who first obtained license under Section 609 (c) of the
Fraternal Benefit Societies Code and whose appointments remain limited
to Fraternal Benefit Societies
(E) Individuals whose only line of authority on their license Is a
Domestic Mutual Fire
(F) Motor Vehicle physical damage appraisers
(G) Surplus lines agents or members
(H) Reinsurance intermediary brokers or managers
(I) Producers that are a firm, institution, a partnership, a
Corporation or a association
(J) Non-resident license if producer is in compliance
With their resident state.
|
|
|
