GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 377 Short Title: Licensing Course Removal/Insurance Producers. (Public) Sponsors: Senator Johnson (Primary Sponsor). Referred to: Rules and Operations of the Senate March 24, 2025 *S377 -v-1* A BILL TO BE ENTITLED 1 AN ACT TO ELIMINATE THE TRAINING COURSE REQUIREMENTS FOR INSURANCE 2 PRODUCER LICENSURE. 3 The General Assembly of North Carolina enacts: 4 SECTION 1. G.S. 58-33-30 reads as rewritten: 5 "§ 58-33-30. License requirements. 6 The Commissioner shall not issue or continue any license of an insurance producer, limited 7 representative, adjuster, or motor vehicle damage appraiser except as follows: 8 … 9 (d) Education and Training. – 10 (1) Each applicant must have had special education, training, or 11 experience of sufficient duration and extent reasonably to satisfy the 12 Commissioner that the applicant possesses the competence necessary 13 to fulfill the responsibilities of an insurance producer, limited 14 representative, adjuster, or motor vehicle damage appraiser. The 15 Commissioner shall not require an individual who applies for an 16 insurance producer license in this State to complete any specific 17 amount of instruction or any specific course of instruction. 18 (2) All individual applicants for licensing as insurance producers under 19 G.S. 58-33-26(c1)(1), (2), (4), (6), or (7) shall furnish evidence 20 satisfactory to the Commissioner of successful completion of at least 21 20 hours of instruction for each license, which shall in all cases include 22 the general principles of insurance and any other topics relevant to the 23 license that the Commissioner establishes by administrative rules. Any 24 applicant who submits satisfactory evidence of having successfully 25 completed a producer training course that has been approved by the 26 Commissioner and that is offered by or under the auspices of a 27 property, casualty, life or accident and health or sickness insurance 28 company admitted to do business in this State or a professional 29 insurance association shall be deemed to have satisfied the educational 30 requirements of this subdivision.Any producer training course 31 developed for the purpose of preparing an applicant for the 32 examination required by subsection (e) of this section must be 33 approved by the Commissioner. 34 (3) Each resident applicant for a Medicare supplement and long-term care 35 insurance license shall furnish evidence satisfactory to the 36 General Assembly Of North Carolina Session 2025 Page 2 Senate Bill 377-First Edition Commissioner of successful completion of 10 hours of instruction, 1 which shall in all cases include the principles of Medicare supplement 2 and long-term care insurance and federal and North Carolina law 3 relating to such insurance. A resident applicant who submits 4 satisfactory evidence of having successfully completed a producer 5 training course that has been approved by the Commissioner and that 6 is offered by or under the auspices of a licensed life or health insurer 7 or a professional insurance association satisfies the educational 8 requirements of this subdivision. 9 (e) Examination. – 10 … 11 (5) The Commissioner shall collect in advance the examination and 12 registration fees provided in G.S. 58-33-125 and in subsection 13 subdivision (4) of this section. subsection. The Commissioner shall 14 make or cause to be made available to all applicants, for a reasonable 15 fee to offset the costs of production, materials that he considers 16 necessary for the applicants' proper preparation for examinations. The 17 Commissioner may contract directly with publishers and other 18 suppliers for the production of the preparatory materials, and contracts 19 so let by the Commissioner shall not be subject to Article 3 of Chapter 20 143 of the General Statutes. However, the Commissioner shall: (i) 21 submit all proposed contracts for supplies, materials, printing, 22 equipment, and contractual services that exceed one million dollars 23 ($1,000,000) authorized by this subdivision to the Attorney General or 24 the Attorney General's designee for review as provided in 25 G.S. 114-8.3; and (ii) include in all contracts to be awarded by the 26 Commissioner under this subdivision a standard clause which provides 27 that the State Auditor and internal auditors of the Commissioner may 28 audit the records of the contractor during and after the term of the 29 contract to verify accounts and data affecting fees and performance. 30 The Commissioner shall not award a cost plus percentage of cost 31 contract for any purpose. 32 …." 33 SECTION 2. G.S. 58-33-32 reads as rewritten: 34 "§ 58-33-32. Interstate reciprocity in producer licensing. 35 … 36 (g) An individual who applies for an insurance producer license in this State who was 37 previously licensed for the same lines of authority in that individual's home state shall not be 38 required to complete any prelicensing education or examination. This exemption is available only 39 if: 40 …." 41 SECTION 3. This act becomes effective October 1, 2025, and applies to licensure 42 applications submitted on or after that date. 43