Ga. Comp. R. & Regs. R. 120-2-3-.15 - Resident Continuing Education Requirements
(1) Each resident licensee licensed for less
than 20 years must complete a minimum of twenty four (24) continuing education
hours, three (3) of which must be completed in Ethics, by the dates specified
in Rule 120-2-3-.16.
For resident licensees continually licensed for 20 years or longer, a minimum
of twenty (20) continuing education hours, three (3) of which must be completed
in Ethics, by the dates specified in Rule
120-2-3-.16. The continuing
education hours may be completed at any time during the current biennial
license period as long as the hours are completed prior to the license
expiration date.
(2) Continuing
education hours may be completed in any subject area for which he or she is
licensed, provided licensees complete a minimum of three (3) hours of their
continuing education requirement in the subject area of Ethics biennially. The
Ethics requirement may be satisfied by completing courses in the subject area
of Ethical practices, Legislative updates or Federal or Departmental Regulatory
changes in insurance, current issues and other such topics that the
Commissioner may at his or her discretion approve.
(a) Credit Insurance Exception. For any
person holding a multiple line license where one of the lines is Credit
insurance, no more than five (5) hours may be applied for Credit insurance
self-study. The remainder of the continuing education requirement must come
from the other lines of insurance. If licensed for credit insurance only, the
Ethics course requirement does not apply.
(b) Limited Subagent Exception. For any
person holding multiple license types, where one of the licenses is for a
Limited Subagent, no more than five (5) hours of continuing education credit
may be applied for the subject area that coincides with the Limited Subagent
license. The remainder of the continuing education requirement must come from
the lines of insurance held under the agent, adjuster or counselor license. If
licensed only as a Limited Subagent, the Ethics course requirement does not
apply.
(c) Workers' Compensation
Adjuster Exception. Licensee may either complete 10 hours of approved
continuing education courses through the State Workers' Compensation Board; or
complete the normal continuing education requirement specifically in the lines
of property and casualty. If licensed as a workers' compensation adjuster only,
the ethics requirement does not apply. After conversion to a biennial license,
each resident licensee must complete twenty (20) hours of approved continuing
education courses through the State Workers' Compensation Board or complete the
normal continuing education requirement specifically in the lines of property
and casualty, by the dates specified in Rule
120-2-3-.16.
(d) Persons newly licensed prior to July 1,
2012. Newly licensed persons who have taken the required prelicensing course
will be considered to have met the initial requirements for continuing
education by filing a copy of the prelicensing course certificate with the
required renewal form. This exemption only applies to continuing education
requirements for the first year of licensure for those who obtained their
license prior to July 1, 2012.
(e)
Agents licensed in the property line of authority that will be selling through
the National Flood Insurance Program (NFIP) must complete a one-time three (3)
hour continuing education course related to NFIP. This three (3) hour course
will count towards the agent's continuing education requirement and can be used
toward the Ethics requirement.
(f)
On or after January 1, 2009, an Agent may not sell, solicit or negotiate a long
term care partnership policy unless the individual has completed an initial
eight (8) hour long term care training course. Agent must also complete ongoing
training consisting of a four (4) hour continuing education course every 24
months. Such training must meet the requirements as outlined in Section
120-2-3-.12. To meet the 24-month
timing requirements, an agent must complete this long term care continuing
education course during each biennial license cycle required of all other
continuing education requirements as set out in Section
120-2-3-.16 measured from the date
of completion of the agent's initial eight (8) hour long term care training
course.
1. Resident agents that have taken
another state's qualified long term care partnership course may receive credit
for up to six (6) hours toward the Georgia partnership training course
requirement. Such resident agent must complete an approved two (2) hour Georgia
specific Medicaid course in order to meet the eight (8) hour training
requirement.
2. Insurers offering a
long term care partnership policy shall obtain verification that an agent has
received the training required in
120-2-3-.12(1)(c)
and this section before the agent is permitted to sell, solicit or negotiate
the insurer's long term care partnership policy.
3. Each insurer shall maintain records with
respect to the training of its agents qualified to sell, solicit or negotiate
long term care partnership policies, to include training received and that the
agent has demonstrated an understanding of the partnership policies and their
relationship to public and private coverage of long term care, including
Medicaid. These records shall be maintained for a period of not less than five
years and shall be made available to the Commissioner upon request.
(g) On or after March 1, 2016, an
Agent may not sell, solicit or negotiate an annuity product unless the
individual has completed a one- time four (4) hour Annuity Suitability
continuing education course approved by the department of insurance and
provided by a department approved education provider.
1. Insurance producers who hold a life
insurance line of authority on the effective date of this regulation and who
desire to sell annuities shall complete the requirements of this subsection
within six (6) months after the effective date of this regulation.
2. Individuals who obtain a life insurance
line of authority on or after the effective date of this regulation may not
engage in the sale of annuities until the annuity training course required
under this subsection has been completed.
3. The satisfaction of the training
requirements of another State that are substantially similar to the provisions
of this subsection shall be deemed to satisfy the training requirements of this
subsection in this State.
4. An
insurer shall verify that an insurance producer has completed the annuity
training course required under
120-2-3-.12(1)(d)
and this subsection before allowing the producer to sell an annuity product for
that insurer. An insurer may satisfy its responsibility under this subsection
by obtaining certificates of completion of the training course or obtaining
reports provided by Commissioner-sponsored database systems or vendors or from
a reasonably reliable commercial database vendor that has a reporting
arrangement with approved insurance education providers.
(3) Following the initial
reporting date for new licensees, each person shall report on the date
specified in Rule
120-2-3-.16 of this Regulation the
appropriate number of hours for the previous reporting period.
(4) Credit will not be given for the same
Continuing Education course taken multiple times within the same Continuing
Education reporting period.
(5)
Credit for continuing education earned in one filing period in excess of the
hours required may be carried forward to the next filing period, provided that
credit carried forward shall not exceed fifty percent (50%) of biennial
continuing education requirement.
(6) Credit hours issued for Ethics in excess
of the requirement may be carried forward to the next renewal period and
applied toward the hours for subject areas for lines of authority held. Ethics
credit hours may only be applied to the Ethics requirement during the renewal
period taken.
Notes
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