| 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.
|
|
|
