General Assembly Raised Bill No. 203
February Session, 2018 LCO No. 1228
*01228_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
General Assembly
Raised Bill No. 203
February Session, 2018
LCO No. 1228
*01228_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
AN ACT CONCERNING CONTINUING EDUCATION CREDITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 38a-782a of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2018):
The commissioner may adopt regulations in accordance with chapter 54 relating to the establishment of continuing education requirements for persons licensed as insurance producers, provided: [the]
(1) The commissioner shall suspend such requirements for any person who is a public official during the period such person serves as a public official, if the person is prohibited from selling insurance during that period. As used in this [section] subdivision, "public official" means any state-wide elected officer, any member or member-elect of the General Assembly, or a senator or representative in Congress.
(2) If the commissioner adopts regulations pursuant to this section, and such regulations require that a person licensed as an insurance producer earn six or more hours of continuing education credit during any two-year period, the commissioner shall grant no fewer than six hours of continuing education credit to such person if such person is an active member of a state-wide professional insurance producer association during such period. As used in this subdivision:
(A) "State-wide professional insurance producer association" means an association that (i) has existed for ten or more years, (ii) derives its membership from persons licensed as insurance producers in this state, and (iii) is dedicated to promoting the integrity, trustworthiness, professionalism and business interests of its members through education, advocacy, social interaction and the development of sound business practices; and
(B) "Active member" means a person licensed as an insurance producer in this state who certifies to the commissioner, for the applicable two-year period, that such person (i) was a member in good standing of a state-wide professional insurance producer association, (ii) read all ethical standards applicable to such person in such person's capacity as a licensed insurance producer, and (iii) attended at least one educational meeting, presentation or conference sponsored by a state-wide professional insurance producer association during such two-year period.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2018 38a-782a
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2018
38a-782a
Statement of Purpose:
To specify that if the Insurance Commissioner adopts regulations requiring that insurance producers earn continuing education credits, the commissioner shall grant credit to each insurance producer who is an active member of a state-wide professional insurance producer association.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]