Insurance Continuing Education Rules and Regulations

There are some states in which insurance laws are quite easy to understand and there are some states in which it’ll take a bit of time. Actually that depends on the kind of insurance products the state needs, and California has some products you will not see anywhere else in the country! For instance, there is Life & Fire casualty, which is a whole different genre of insurance, and we won’t find it in many American states. What are common to most of the other states are Life & health, and Property & casualty courses. Why we are mentioning these differences here is because these form the basics for insurance continuing education California.

Since insurance is one of those fields which mandates compulsory training and re-certification periodically, continuing education is quite a big industry. In the recent years, the preferred mode of insurance continuing education California has been online. A large percentage of agents in the state choose to do their courses and take their exams online, as it is extremely convenient and also very economical when compared to the fees at a local insurance school. In California, the number of required courses also is higher than the ones in most of the other states in America.

While some states have just one required courses, most have 2-3 topics that are required. However, California has five topics which need to be taken during each re-certification period, and that again is different from other states. Here, a new licensee in insurance would need to complete 25 hours of insurance continuing education every year for the first four years, and then 30 hours every two years. Then there are the specialties. For example, agents who sell long term care insurance policies are required to attend 8 hours of a special long term care module once every two years, and the rest of the training hours can be of any topic the agent chooses.

Like we mentioned in the first sentence of this article, there are some complex laws here, right? But in the long run, this continuing education will pay rich dividends to each agent, as their knowledge on the field is much higher compared to many other states’ agents. Since training is so crucial here, online California insurance continuing education is growing in popularity each year. The money saved per year here will amount to much in the long run. To give you an illustration, online courses just cost about $ 1 per hour, payable after passing the exam! Find out how much it would cost at your local academy.

I recommend doing your insurance continuing education online. It is fast, easy, and affordable these days. It is also more convenient than going to a classroom and spending your weekends learning about CE. Do it on your own time and your own pace from the comfort of your home. California insurance continuing education is very important, because you do not want to lose your license or receive any fines from the state.

Insurance Continuing Education – Rules and Regulations

The rules that govern continuing education in different states are quite different, and there are a lot of changes in the way CE is treated in various states. For instance, a state like Maine might require just one compulsory course – Insurance Ethics, while a state like California might require five different topics to be covered, failing which the license would not be renewed.

In Illinois State, there are two required courses: Flood Insurance Training, and Long Term Care Insurance Partnership Plan.

Apart from them, there are various kinds of insurance courses which can be chosen as per the advisor’s interest. These optional courses can be broadly classified into life & health courses, and property and casualty courses. Since most insurance advisors anyway specialize in one of these kinds of insurance modules, it makes absolute sense to divide them into two categories and name them as optional. However, the compulsory subjects above are common for all kinds of insurance advisors.

Earlier, advisors had to head down to their nearest authorized insurance training institute and relearn the concepts in order to keep their certifications active and their licenses valid. However, with the advent of the internet, it is now possible to get Illinois Insurance Continuing Education certificates right from your home. The number of hours for each course has already been prescribed, and the material has been put online by the best authorized certification portals. All certifications from those sites are valid according to state laws as they are sourced from a reputed training and certification company.

The best part about Insurance continuing education Illinois is that it is quite economical when compared to the fees charged by an institute. While an advisor might spend a couple of hundred dollars on re-certification every couple of years, online, it might just cost him a few dollars! Think about the kind of savings which happen in the long run! For instance, one of the internet’s leading insurance continuing education sites charges about $ 1 per hour; and for a compulsory course like Flood Insurance training, the cost would be just $ 3 (as the course is a 3 hour one). What’s more; the course can be read free of cost and the exam can be taken free of cost. Only when the advisor passes the examination will he have to pay the fees of $ 3 so that the certificate can be issued! Beat that if you can – anywhere in Illinois!

Illinois insurance continuing education is also very important to gain knowledge of new laws, rules, and regulations for the agent. Stay current so you can suggest the best products and services for your clients. If you stop learning, they will find a knowledgeable agent that hasn’t. We suggest doing your insurance continuing education in Illinois online. Because of how fast, easy, and affordable it is, most agents use this source to gain all of their required insurance CE hours every two years. Complete your CE hours online today from your couch!

Insurance Continuing Education Requirements, Options, and Benefits

Any agent selling any type of insurance is required to complete a certain amount of insurance continuing education courses every 1-2 years. Whether you sell life insurance, health insurance or property and casualty insurance; continuing education is required. Insurance agents need to contact their state to see what insurance classes they need to take and how many hours they need. Many states require an agent to complete their continuing education requirements every other year by their birthday. But, some states require a certain amount of hours every year. Some states also lessen the amount of continuing education credits needed depending on how long you have been licensed. Usually, the longer you have been licensed, the less insurance education you have to complete.

Many agents choose to do their insurance continuing education online because the courses are usually a little easier and more convenient than sitting in a classroom. Most continuing education courses are a simple textbook to read followed by a multiple choice exam. Some states require a monitored exam while others allow an open book exam. If you are in a state that allows an open book exam the agent is able to refer back to the textbook while completing the exam. The only real reason a producer sits in the classroom is because they are scared to take exams. If you attend a class in person you just sign a document stating you were present and avoid any type of test.

Once an agent completes a course the approved provider will contact the state for the agent. Most providers will contact the state within 24-48 hours to ensure the agent meets their deadline. Please check with your state to receive a list of insurance continuing education providers available in your state. You would not want to do your insurance continuing education courses with a company that is not state approved! Insurance agents who fail to meet the required deadline could face fines and may also have their license suspended.

Everything being said, insurance education courses are mandatory but will also help the agents learn about new products they can sell to their clients. The more products available to their clients the more money the agent can make. When completing insurance education, agents will also learn about any new laws, rules and regulations in the insurance industry. This will benefit the client because they know they are working with an ethical and responsible agent. Insurance agents also want to keep up with new products to stay competitive in the marketplace.

Is Insurance Continuing Education Really Necessary?

The insurance and financial industry is a very highly regulated industry. The state legislature controls all of the power. They grant licenses and revoke them at will. They set all of the standards for the licensing exams and continuing education requirements. For instance, The Florida Department of Insurance oversees insurance agents, adjusters, title agents, and financial advisors to name a few. The FDI regulates these professions very closely and watches over their agents like a hawk in the sky. Their job is to limit insurance fraud and make sure their agents are following the rules and abiding by the law. In this article we are going to talk about the insurance industry and their continuing education requirements.

Insurance agents have a lot of responsibility to their clients and the companies they represent. There are a lot of independent brokers selling insurance. They are able to sell insurance for multiple insurance carriers and are not captive to just one company. Many of these agents have had their license for a number of years. Without insurance continuing education they would probably not be up to date on new products available or rules and regulations that have changed over the years. They would be doing their clients a huge disservice. In order to protect themselves many states require any licensed agent to have Error and Omissions Insurance. This will help prevent any personal loss if the agent is ever sued by a client or insurance company.

Continuing insurance education is mandatory in every state and meant to help the agent stay in compliance with state law. Continuing education also enables them to serve their clients as best as they can. They can offer their clients the latest products and services available and help fit their individual needs. Clients are happy because they know their agent knows what they are talking about when they are giving them advice. The insurance companies are happy because the insurance agent is acting ethically and making the right decisions. Everyone wins when the agent completes their required continuing education training. Courses can be done online or in a classroom and usually do not take more than a couple of hours. Check with your state or an approved provider for a list of required courses and your compliance deadline. Try not to be late or the Department of Insurance can suspend or even revoke your license. That is of course the worst case scenario.