§ 27-1-15.7-2.2 — Continuing education requirement credit applied toward next license renewal

Indiana § 27-1-15.7-2.2

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 15.7: Insurance Producer License Renewal

Text

2. (a) This section applies to the renewal of
a license under this chapter after December 31, 2021.
(b) If a resident insurance producer completed more than
twenty-four (24) hours of credit in continuing education courses before
the effective date of the producer's last renewal under this chapter of a
license issued under IC 27-1-15.6, the producer, instead of completing
twenty-four (24) hours of credit in continuing education courses after
the effective date of the producer's last license renewal as otherwise
required under section 2(d) of this chapter, may satisfy the continuing
education requirement of section 2 of this chapter for the producer's
next license renewal through a combination of:
(1) credit for continuing education courses completed by the
producer before the effective date of the producer's last license
renewal; and
(2) credit for continuing education courses completed by the
producer after the effective date of the producer's last license
renewal.
(c) To apply toward satisfaction of the continuing education
requirement for a producer's next license renewal under subsection
(b)(1), credit for a continuing education course completed by the
producer before the effective date of the producer's last license renewal
must not have applied toward satisfaction of the continuing education
requirement for the producer's last license renewal.
(d) A producer satisfies the continuing education requirement of
section 2 of this chapter under subsection (b) for the producer's next
license renewal if the sum of:
(1) the credit hours applied toward the requirement under
subsection (b)(1); plus
(2) the credit hours applied toward the requirement under
subsection (b)(2);
is twenty-four (24).
(e) Not more than twelve (12) hours of credit in continuing
education courses completed by a producer before the effective date of
the producer's last license renewal may be applied toward satisfying the
continuing education requirement of section 2 of this chapter for the
producer's next license renewal under subsection (b)(1).
(f) The credit for a producer's completion of a continuing education
course may not be applied toward satisfying the continuing education
requirement of section 2 of this chapter under subsection (b)(1) unless
the producer completed the continuing education course not more than
one hundred twenty (120) days before the effective date of the
producer's last license renewal.
(g) Credit for a producer's completion of a continuing education
course on the subject of:
(1) ethics; or
(2) long term care insurance;
before the effective date of the producer's last license renewal may not
be applied toward satisfying the continuing education requirement of
section 2 of this chapter for the producer's next license renewal under
subsection (b)(1).
(h) The credit for a producer's completion of a continuing education
course, whether applied toward the continuing education requirement
of section 2 of this chapter under subsection (b)(1), subsection (b)(2),
or section 2(d) of this chapter, may be applied toward the requirement
only once.
(i) The commissioner shall adopt rules under IC 4-22-2 to
implement this section.

Legislative History

As added by P.L.196-2021, SEC.19.