All posts by CEU Institute

New York DFS Updates Continuing Education Requirements for Agents

New York DFS has set forth new CE requirements for insurance agents beginning with April 1, 2022 renewals:

Of the 15 credit hours of instruction that a licensee shall complete in accordance with Insurance Law article 21, the licensee shall satisfactorily complete courses or programs of instruction or attend seminars, as the superintendent may approve, that provide:
(1) at least one hour of Insurance Law instruction;
(2) at least one hour of ethics and professionalism instruction;
(3) at least one hour of diversity, inclusion, and elimination of bias instruction;
(4) at least one hour of flood insurance instruction, if the licensee is licensed to sell one or more lines of property/casualty insurance; and
(5) at least three hours of enhanced flood insurance instruction, if the licensee sells flood insurance through the NFIP.

Change to Iowa CE Requirements

Effective June 9, 2021, all Iowa resident insurance producers will be able to meet their continuing education (CE) requirement through classroom, classroom equivalent, or self-study method courses. Producers must still complete 36 total credits including 3 of those credits on the topic of ethics. The requirement to complete 18 hours of classroom CE will be removed from Iowa regulations. Producers will continue to have the ability to take classroom or classroom equivalent courses if they so choose.

For a full list of CE requirements please see: Iowa Administrative Code Chapter 191.11.

Massachusetts Enters Into NAIC Agreement

Effective December 1, 2020, Massachusetts resident producers and adjusters who successfully complete approved continuing education courses in reciprocal states or online will receive continuing education credit for such courses in Massachusetts. Additionally, this CER agreement changes the definition of a “credit hour” in Massachusetts from the existing 60-minutes to a minimum of 50-minutes, as well as eliminates the requirement that CE courses offered in Massachusetts be a minimum of two (2) credit hours. It

FAQs are available on the Division’s website: https://www.mass.gov/service-details/resident-producer-continuing-education-announcement

New York DFS Eliminates Monitor Requirement

November 2, 2020

NY DFS hereby eliminates the requirement that a monitor be present when an insurance producer takes any exam at the conclusion of either a continuing education or prelicensing course.  This change does not modify the requirement to take an exam at the conclusion of a self-study continuing education course or online prelicensing course as set forth in the Continuing Education Criteria and Prelicensing Criteria. 

For details on the DFS site: https://www.dfs.ny.gov/industry_guidance/circular_letters/cl2020_s04_cl2020_09

Oregon Adjuster Update

The Oregon Legislature passed SB 251 during the 2019 legislative session that, among other things, cleans up and modernizes the adjuster and consultant licensing language. Changes included in the new law:
I. The definition of adjuster has changed.
II. Designated home state (DHS) is recognized for licensing purposes.
III. Adjusters must have 24 hours of continuing education (CE) to renew.

The licensing changes take effect on January 1, 2020.

The Definition of Adjuster Has Changed
The definition of adjuster changed from “one who adjusts” to “a person that receives a fee, a commission or other compensation to investigate, negotiate, or settle first party or third party losses that arise as claims under the terms of an insurance contact that insures a domestic risk.” This change will help better clarify when a person needs a license.

Designated Home State Is Recognized for Adjuster Licensing Purposes
Oregon has been recognizing the use of DHS by so-called “desk rule” for some time, but this just formalizes our adoption of the DHS process. With this change, an individual who is a resident in a state that does not license adjusters may designate another state to act as the home state for adjuster licensing purposes. The state designated by the individual then licenses the person following the process it would for any actual resident of the state, requiring items such as a criminal records checks and testing that are usually waived for non-resident licenses. The individual can then use the DHS license as a resident license for purposes of obtaining non-resident licenses in other states. The use of DHS is common among regulators as it streamlines licensing for non-residents who otherwise would have issues since the actual home state doesn’t offer that license type.

Adjusters must have 24 hours of continuing education (CE) to renew
By far, the biggest change our licensees will see from the new law is the new requirement to complete continuing education prior to renewing the individual adjuster license. The new law requires adjusters to have 24 hours of continuing education prior to renewal, including 3 hours of ethics and 3 hours of Oregon law.

The statute gives credit for courses approved in Oregon and taken for another insurance license, such as a producer license. So if Jane Smith holds both an Oregon adjuster license and Oregon resident producer license, she will only have to complete 24 hours of CE to renew both licenses, not 48 hours.

For a non-resident license, they can receive credit for courses taken for another state so long as the course is also approved in Oregon. The education provider can bank the credits for Oregon as well as the other state, again only if the course is approved in both states. Please check to see if the course is approved in Oregon using the lookup at https://sbs.naic.org/solar-externallookup/#_
ga=2.38310051.1091920671.1574895598-158653359.1528398642. The licensee will still have to take 24 hours of continuing education, even if the home state requires fewer hours. The non-resident licensee will be required to take 3 hours of Oregon Law and 3 hours of ethics.

The new CE requirement applies to any individual who has had the full 24 months to complete the continuing education. As such, the first licenses that this will apply to those are those issued or renewed on or after January 1, 2020. Our staff will be enforcing the education requirement for all licenses that expire on January 31, 2022 or later.

South Caroline to Assess CE Late Fee

Effective 12/13/2019, SC will assess an additional $50.00 penalty for Resident Renewal applications that have CE reported AFTER the license expiration date. CE must be completed, and the results reported to NIPR before the licensee can renew.

Fee validation will be as follows:

  • If CE date is BEFORE expiration date, CE penalty fee will NOT be assessed.
  • If CE date is the SAME as the expiration date, CE penalty fee will NOT be assessed.
  • If CE date is AFTER the expiration date, $50.00 CE penalty fee will be assessed.

Maryland Adjuster Continuing Education Update

Effective January 1, 2020, pursuant to new § 10-116(a)(2), an insurance producer shall complete required continuing education not later than 15 days before the expiration date of the insurance producer’s license.

Additionally, effective January 1, 2020, pursuant to new § 10-408(e)(2), a public adjuster shall complete the required continuing education not later than 30 days before the expiration date of the public adjuster’s license.

Should you have any questions concerning this new requirement, contact Beverly Grant, Assistant Director of Producer Licensing, by email at beverly.grant@maryland.gov or by telephone at 410- 468-2386. A