HLS 16RS-1355 REENGROSSED
2016 Regular Session
HOUSE BILL NO. 932
BY REPRESENTATIVE DAVIS
INSURERS/AGENTS: Provides relative to certain exemptions from the continuing
education requirements for producers
1 AN ACT
2To amend and reenact R.S. 22:1573(I)(1)(introductory paragraph) and (I)(1)(b), relative to
3 continuing education requirements for producers; to revise the age requirement for
4 exemption; to clarify that a producer may qualify for the exemption when
5 representing or operating through a licensed Louisiana insurance agency; and to
6 provide for related matters.
7Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 22:1573(I)(1)(introductory paragraph) and (I)(1)(b) are hereby
9amended and reenacted to read as follows:
10 ยง1573. Continuing education requirements
11 * * *
12 I.(1) The provisions of this Section, imposing continuing education
13 requirements for renewal of a license, shall not apply to any person sixty-five years
14 of age or older on January 1, 2012, who has at least fifteen years of experience as a
15 licensed producer and who either:
16 * * *
17 (b) Is actively engaged in the insurance business as a producer and who
18 represents or operates through a licensed Louisiana insurer or insurance agency.
19 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 16RS-1355 REENGROSSED
HB NO. 932
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2signed by the governor, upon expiration of the time for bills to become law without signature
3by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4vetoed by the governor and subsequently approved by the legislature, this Act shall become
5effective on the day following such approval.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 932 Reengrossed 2016 Regular Session Davis
Abstract: Removes requirement that an insurance producer must be 65 years or older on
January 1, 2012, to qualify for exemption from continuing education requirements.
Further allows a producer who otherwise qualifies for the exemption to operate
through a licensed La. insurance agency, in addition to representing or operating
through a licensed La. insurer.
Present law provides an exemption from continuing education requirements for licensed
insurance producers who are 65 years or older on January 1, 2012, and who have at least 15
years of experience as a licensed producer and meet certain other requirements.
Proposed law retains present law but deletes the January 1, 2012, deadline for being 65 to
qualify for the exemption.
Present law provides that a producer may qualify for the age 65 exemption if he is actively
engaged in the insurance business as a producer and represents or operates through a
licensed insurance insurer.
Proposed law retains present law but adds that the producer may also operate through a
licensed La. insurance agency.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 22:1573(I)(1)(intro. para.) and (I)(1)(b))
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Add effective date upon signature of the governor.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.