By: Eiland (Senate Sponsor - Ellis) H.B. No. 2154
(In the Senate - Received from the House April 7, 2011;
April 20, 2011, read first time and referred to Committee on State
Affairs; May 10, 2011, reported adversely, with favorable
Committee Substitute by the following vote: Yeas 9, Nays 0;
May 10, 2011, sent to printer.)
COMMITTEE SUBSTITUTE FOR H.B. No. 2154 By: Ellis
A BILL TO BE ENTITLED
AN ACT
relating to certain continuing education requirements for agents
who sell annuities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 4004.202(b), Insurance Code, is amended
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).]
SECTION 2. This Act takes effect September 1, 2011.
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