An intermediary who is selling, soliciting, or negotiating for insurance products is required to undertake the continuing education (CE) in his or her area of specialization. The main areas in which the training is required include annuity, long-term care policies, individual life settlement, and the flood insurance. The insurance agent CE credits have to be completed before the application for the license renewal can be submitted.
The agents that meet certain requirements can be exempted from some or all CEs depending on the state there are renewing their licenses. The good example is those who hold the limited liability licenses as they qualify for exemptions. In the same way, the agents who have completed the credit required in their home states and are non-residents also get the exemptions just like those that have the inactive status as granted by the relevant State Director of Insurance.
Generally, the agents who hold the limited liability license, those who are non-residents and have completed these requirements in their states and the agents that have inactive status granted by the State Director of Insurance are among those who qualify for the exemptions.
In the area of annuity policy training, the main topics touch on the parties involved in annuity policies, how the parties are affected by indexed, fixed, or variable annuities, the application of income tax (qualifies and the non-qualified annuities), and the annuity uses among others. There are additional areas that may be included in training, including the sales practices, the replacement and disclosures of annuity among others.
For the life settlement agents, the expected training should focus on the legal structure of life settlement topics, the disclosure and privacy requirement topics, and the life settlement parties and the existing legal relationships. In addition to these, the agents need to be trained on the ethics when it comes to selling, negotiating, soliciting, and advertising their products as well as the remedies and the contract requirements.
As for the national flood policy training, the requirements may be slightly different. The agents are subject to the Federal Emergency Management Agency (FEMA) regulations. For one to sell the federal flood insurance policies, they must meet the minimum training requirement as set up in the Flood Insurance Reform Act of 2004 Section 207 and those published by FEMA.
The national flood insurance agents on the other hands are mostly regulated by the Federal Emergency Management Agency, and the regulators at the level of the federal government. However, they still have to adhere to some state requirements and also have to complete some continuing education for license renewal.
Once you have understood the stated requirements as set by your state regulator, the next step it to find the trainer who is approved and licensed by the state and or the federal regulator. There are several training institutions that can offer the courses over the internet and you have to determine their authenticity before enrolling in their classes.
The agents that meet certain requirements can be exempted from some or all CEs depending on the state there are renewing their licenses. The good example is those who hold the limited liability licenses as they qualify for exemptions. In the same way, the agents who have completed the credit required in their home states and are non-residents also get the exemptions just like those that have the inactive status as granted by the relevant State Director of Insurance.
Generally, the agents who hold the limited liability license, those who are non-residents and have completed these requirements in their states and the agents that have inactive status granted by the State Director of Insurance are among those who qualify for the exemptions.
In the area of annuity policy training, the main topics touch on the parties involved in annuity policies, how the parties are affected by indexed, fixed, or variable annuities, the application of income tax (qualifies and the non-qualified annuities), and the annuity uses among others. There are additional areas that may be included in training, including the sales practices, the replacement and disclosures of annuity among others.
For the life settlement agents, the expected training should focus on the legal structure of life settlement topics, the disclosure and privacy requirement topics, and the life settlement parties and the existing legal relationships. In addition to these, the agents need to be trained on the ethics when it comes to selling, negotiating, soliciting, and advertising their products as well as the remedies and the contract requirements.
As for the national flood policy training, the requirements may be slightly different. The agents are subject to the Federal Emergency Management Agency (FEMA) regulations. For one to sell the federal flood insurance policies, they must meet the minimum training requirement as set up in the Flood Insurance Reform Act of 2004 Section 207 and those published by FEMA.
The national flood insurance agents on the other hands are mostly regulated by the Federal Emergency Management Agency, and the regulators at the level of the federal government. However, they still have to adhere to some state requirements and also have to complete some continuing education for license renewal.
Once you have understood the stated requirements as set by your state regulator, the next step it to find the trainer who is approved and licensed by the state and or the federal regulator. There are several training institutions that can offer the courses over the internet and you have to determine their authenticity before enrolling in their classes.
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