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 Engrossed 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.
(Amends R.S. 22:1573(I)(1)(intro. para.) and (I)(1)(b))