| 12 | 13 | | A BILL TO BE ENTITLED 1 |
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| 13 | 14 | | AN ACT TO ELIMINATE THE TRAINING COURSE REQUIREMENTS FOR INSURANCE 2 |
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| 14 | 15 | | PRODUCER LICENSURE. 3 |
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| 15 | 16 | | The General Assembly of North Carolina enacts: 4 |
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| 16 | 17 | | SECTION 1. G.S. 58-33-30 reads as rewritten: 5 |
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| 17 | 18 | | "§ 58-33-30. License requirements. 6 |
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| 18 | 19 | | The Commissioner shall not issue or continue any license of an insurance producer, limited 7 |
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| 19 | 20 | | representative, adjuster, or motor vehicle damage appraiser except as follows: 8 |
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| 20 | 21 | | … 9 |
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| 21 | 22 | | (d) Education and Training. – 10 |
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| 22 | 23 | | (1) Each applicant must have had special education, training, or 11 |
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| 23 | 24 | | experience of sufficient duration and extent reasonably to satisfy the 12 |
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| 24 | 25 | | Commissioner that the applicant possesses the competence necessary 13 |
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| 25 | 26 | | to fulfill the responsibilities of an insurance producer, limited 14 |
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| 26 | 27 | | representative, adjuster, or motor vehicle damage appraiser. The 15 |
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| 27 | 28 | | Commissioner shall not require an individual who applies for an 16 |
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| 28 | 29 | | insurance producer license in this State to complete any specific 17 |
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| 29 | 30 | | amount of instruction or any specific course of instruction. 18 |
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| 30 | 31 | | (2) All individual applicants for licensing as insurance producers under 19 |
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| 31 | 32 | | G.S. 58-33-26(c1)(1), (2), (4), (6), or (7) shall furnish evidence 20 |
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| 32 | 33 | | satisfactory to the Commissioner of successful completion of at least 21 |
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| 33 | 34 | | 20 hours of instruction for each license, which shall in all cases include 22 |
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| 34 | 35 | | the general principles of insurance and any other topics relevant to the 23 |
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| 35 | 36 | | license that the Commissioner establishes by administrative rules. Any 24 |
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| 36 | 37 | | applicant who submits satisfactory evidence of having successfully 25 |
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| 37 | 38 | | completed a producer training course that has been approved by the 26 |
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| 38 | 39 | | Commissioner and that is offered by or under the auspices of a 27 |
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| 39 | 40 | | property, casualty, life or accident and health or sickness insurance 28 |
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| 40 | 41 | | company admitted to do business in this State or a professional 29 |
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| 41 | 42 | | insurance association shall be deemed to have satisfied the educational 30 |
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| 42 | 43 | | requirements of this subdivision.Any producer training course 31 |
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| 43 | 44 | | developed for the purpose of preparing an applicant for the 32 |
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| 44 | 45 | | examination required by subsection (e) of this section must be 33 |
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| 45 | 46 | | approved by the Commissioner. 34 |
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| 46 | 47 | | (3) Each resident applicant for a Medicare supplement and long-term care 35 |
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| 49 | 54 | | Commissioner of successful completion of 10 hours of instruction, 1 |
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| 50 | 55 | | which shall in all cases include the principles of Medicare supplement 2 |
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| 51 | 56 | | and long-term care insurance and federal and North Carolina law 3 |
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| 52 | 57 | | relating to such insurance. A resident applicant who submits 4 |
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| 53 | 58 | | satisfactory evidence of having successfully completed a producer 5 |
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| 54 | 59 | | training course that has been approved by the Commissioner and that 6 |
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| 55 | 60 | | is offered by or under the auspices of a licensed life or health insurer 7 |
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| 56 | 61 | | or a professional insurance association satisfies the educational 8 |
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| 57 | 62 | | requirements of this subdivision. 9 |
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| 58 | 63 | | (e) Examination. – 10 |
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| 59 | 64 | | … 11 |
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| 60 | 65 | | (5) The Commissioner shall collect in advance the examination and 12 |
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| 61 | 66 | | registration fees provided in G.S. 58-33-125 and in subsection 13 |
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| 62 | 67 | | subdivision (4) of this section. subsection. The Commissioner shall 14 |
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| 63 | 68 | | make or cause to be made available to all applicants, for a reasonable 15 |
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| 64 | 69 | | fee to offset the costs of production, materials that he considers 16 |
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| 65 | 70 | | necessary for the applicants' proper preparation for examinations. The 17 |
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| 66 | 71 | | Commissioner may contract directly with publishers and other 18 |
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| 67 | 72 | | suppliers for the production of the preparatory materials, and contracts 19 |
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| 68 | 73 | | so let by the Commissioner shall not be subject to Article 3 of Chapter 20 |
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| 69 | 74 | | 143 of the General Statutes. However, the Commissioner shall: (i) 21 |
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| 70 | 75 | | submit all proposed contracts for supplies, materials, printing, 22 |
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| 71 | 76 | | equipment, and contractual services that exceed one million dollars 23 |
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| 72 | 77 | | ($1,000,000) authorized by this subdivision to the Attorney General or 24 |
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| 73 | 78 | | the Attorney General's designee for review as provided in 25 |
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| 74 | 79 | | G.S. 114-8.3; and (ii) include in all contracts to be awarded by the 26 |
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| 75 | 80 | | Commissioner under this subdivision a standard clause which provides 27 |
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| 76 | 81 | | that the State Auditor and internal auditors of the Commissioner may 28 |
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| 77 | 82 | | audit the records of the contractor during and after the term of the 29 |
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| 78 | 83 | | contract to verify accounts and data affecting fees and performance. 30 |
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| 79 | 84 | | The Commissioner shall not award a cost plus percentage of cost 31 |
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| 80 | 85 | | contract for any purpose. 32 |
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| 81 | 86 | | …." 33 |
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| 82 | 87 | | SECTION 2. G.S. 58-33-32 reads as rewritten: 34 |
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| 83 | 88 | | "§ 58-33-32. Interstate reciprocity in producer licensing. 35 |
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| 84 | 89 | | … 36 |
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| 85 | 90 | | (g) An individual who applies for an insurance producer license in this State who was 37 |
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| 86 | 91 | | previously licensed for the same lines of authority in that individual's home state shall not be 38 |
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| 87 | 92 | | required to complete any prelicensing education or examination. This exemption is available only 39 |
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| 88 | 93 | | if: 40 |
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| 89 | 94 | | …." 41 |
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| 90 | 95 | | SECTION 3. This act becomes effective October 1, 2025, and applies to licensure 42 |
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| 91 | 96 | | applications submitted on or after that date. 43 |
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