By: Eiland H.B. No. 2154
A BILL TO BE ENTITLED
AN ACT
relating to certain continuing education requirements for agents
who sell Medicare-related products and annuities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 4004.155, Insurance Code, as added by
Chapter 326 (H.B. 739), Acts of the 81st Legislature, Regular
Session, 2009, is amended to read as follows:
Sec. 4004.155. [NONAPPLICATION OF] CERTAIN EXEMPTIONS
APPLICABLE. The continuing education exemptions for certain agents
established under Section 4004.052(b) and Section 9.02(e), Chapter
703 (S.B. 414), Acts of the 77th Legislature, Regular Session,
2001, [do not] apply to requirements under this subchapter.
SECTION 2. Section 4004.202, Insurance Code, is amended by
amending Subsection (b) and adding Subsection (d) to read as
follows:
(b) Each agent described by Subsection (a) must complete
eight [four] hours of continuing education [annually] that
specifically relates to annuities during the agent's two-year
licensing period. [The annual period under this section must be
based on the agent's license expiration date or another date
specified by the commissioner by rule, and the education
requirement under this subsection must be met within that annual
period, notwithstanding Section 4004.051(b).]
(d) The continuing education exemptions for certain agents
established under Section 4004.052(b) and Section 9.02(e), Chapter
703 (S.B. 414), Acts of the 77th Legislature, Regular Session,
2001, apply to requirements under this subchapter.
SECTION 3. This Act takes effect September 1, 2011.