Connecticut 2019 Regular Session

Connecticut House Bill HB07172 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	LCO No. 4277 1 of 3
4	4
5	5	General Assembly Raised Bill No. 7172
6	6	January Session, 2019
7	7	LCO No. 4277
8	8
9	9
10	10	Referred to Committee on INSURANCE AND REAL ESTATE
11	11
12	12
13	13	Introduced by:
14	14	(INS)
15	15
16	16
17	17
18	18
19	19	AN ACT CONCERNING CO NTINUING EDUCATION CREDITS FO R
20	20	INSURANCE PRODUCERS.
21	21	Be it enacted by the Senate and House of Representatives in General
22	22	Assembly convened:
23	23
24	24	Section 1. Section 38a-782a of the general statutes is repealed and 1
25	25	the following is substituted in lieu thereof (Effective July 1, 2019): 2
26	26	The commissioner may adopt regulations in accordance with 3
27	27	chapter 54 [relating to the establishment of] to establish continuing 4
28	28	education requirements for persons licensed as insurance producers, 5
29	29	provided: [the] 6
30	30	(1) The commissioner shall suspend such requirements for any 7
31	31	person who is a public official during the period such person serves as 8
32	32	a public official, if the person is prohibited from selling insurance 9
33	33	during that period. As used in this [section] subdivision, "public 10
34	34	official" means any state-wide elected officer, any member or member-11
35	35	elect of the General Assembly, or a senator or representative in 12
36	36	Congress. 13
37	37	(2) If any such regulations require that a person licensed as an 14 Raised Bill No. 7172
38	38
39	39
40	40
41	41	LCO No. 4277 2 of 3
42	42
43	43	insurance producer earn six or more hours of continuing education 15
44	44	credit during any two-year period, the commissioner shall grant at 16
45	45	least six hours of continuing education credit to such person if such 17
46	46	person is an active member of a state-wide professional insurance 18
47	47	producer association during such period, provided the association 19
48	48	provides the commissioner or the commissioner's designee such 20
49	49	association's active membership information for such two-year period. 21
50	50	As used in this subdivision: 22
51	51	(A) "State-wide professional insurance producer association" means 23
52	52	an association that (i) has existed for ten or more years, (ii) derives its 24
53	53	membership from persons licensed as insurance producers in this 25
54	54	state, and (iii) is dedicated to promoting the integrity, trustworthiness, 26
55	55	professionalism and business interests of its members through 27
56	56	education, advocacy, social interaction and the development of sound 28
57	57	business practices; and 29
58	58	(B) "Active member" means a person licensed as an insurance 30
59	59	producer in this state who certifies to the commissioner, for the 31
60	60	applicable two-year period, that such person (i) was a member in good 32
61	61	standing of a state-wide professional insurance producer association, 33
62	62	(ii) attended at least one educational meeting, presentation or 34
63	63	conference sponsored by the state-wide professional insurance 35
64	64	producer association during such two-year period, and (iii) read all 36
65	65	ethical standards applicable to such person in such person's capacity as 37
66	66	a licensed insurance producer. 38
67	67	This act shall take effect as follows and shall amend the following
68	68	sections:
69	69
70	70	Section 1 July 1, 2019 38a-782a
71	71
72	72	Statement of Purpose:
73	73	To specify that if the Insurance Commissioner adopts regulations
74	74	requiring insurance producers to earn six or more hours of continuing
75	75	education credit during any two-year period, the commissioner shall
76	76	grant at least six hours of continuing education credit to each Raised Bill No. 7172
77	77
78	78
79	79
80	80	LCO No. 4277 3 of 3
81	81
82	82	insurance producer who was an active member of a state-wide
83	83	professional insurance producer association during such period.
84	84	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
85	85	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
86	86	not underlined.]
87	87