§ 10-2-201 — Prelicensure education - when required

(1) (a) Except as
otherwise provided in section 10-2-202, in addition to other requirements for
licensure as specified under this article and as a condition of initial licensure, an
individual applicant for qualification in life, sickness and accident, or property and
casualty lines shall be required to provide evidence to the commissioner that the
individual applicant has satisfactorily completed an approved prelicensure
education or training course or program as follows:

(I) An individual seeking insurance producer licensure authority for life
insurance shall complete at least fifty hours of an approved course or program for
certification in life insurance; and, of the said fifty hours, at least three hours shall
pertain specifically to insurance industry ethics;

(II) An individual seeking insurance producer licensure authority for health
coverage shall complete at least fifty hours of an approved course or program for
certification in sickness and accident insurance; and, of the said fifty hours, at least
three hours shall pertain specifically to insurance industry ethics;

(III) An individual seeking insurance producer licensure authority for property
or casualty insurance or both shall complete at least fifty hours of an approved
course or program for certification in property or casualty insurance or both; and, of
the said fifty hours, at least three hours shall pertain specifically to insurance
industry ethics.

(b) An individual seeking an insurance producer license to include life,
sickness and accident, property, or casualty lines or any combination thereof shall
not be eligible to take the written examination provided for in section 10-2-402 until
the prelicensure education requirements specified in this subsection (1) pertaining
to the line or lines of insurance applied for have been satisfied.

(2) The commissioner shall adopt all rules necessary to carry out the
prelicensing education provisions of this section. Such rules shall set forth
standards for courses and programs to qualify for approval by the commissioner
and shall also prescribe a system of control and reporting.

(3) An individual seeking an insurance producer license shall pay to the
commissioner, in addition to any other applicable fees or charges, a fee established
by the commissioner in accordance with section 10-2-413 for operation of the
prelicensing education program.

Legislative History

Source: L. 93: Entire article R&RE, p. 1350, � 1, effective January 1, 1995.