82R7900 PMO-F
By: Ellis S.B. No. 1038
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
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.