2007 Regular Session
By: Representative Chism
AN ACT TO AMEND SECTION 83-17-253, MISSISSIPPI CODE OF 1972, TO REVISE THE MINIMUM NUMBER OF CREDIT HOURS OF WHICH EDUCATIONAL PROGRAMS MUST CONSIST IN ORDER TO BE CONSIDERED TOWARDS SATISFACTION OF PRELICENSING AND CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE AGENTS; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 83-17-253, Mississippi Code of 1972, is amended as follows:
83-17-253. (1) To qualify for credit towards satisfaction of the requirements of this section, an educational program must be a formal program of learning which contributes directly to the professional competence of the licensee and such program must meet the standards outlined herein for continuing educational programs. The subject of each course must be approved for the lines of insurance for which the licensee is granted educational credit.
(2) Formal programs requiring attendance or self-study may be considered for credit if:
(a) A detailed outline is prepared and presented to the Department of Insurance for approval;
(b) The program is at least one (1) credit hour in length, which each fifty-minute period being equal to one (1) credit hour;
(c) The program is conducted by a qualified instructor;
(d) A record of registration and attendance is maintained for a period of five (5) years and is available to the Department of Insurance for review; and
(e) If program is self-study, the agent must pass an exam.
(3) Continuing educational credit shall be allowed for service as an instructor of certified programs at any program for which participants are eligible to receive continuing educational credit. Credit for such service shall be awarded on the first presentation only unless a program has been substantially revised.
(4) The course must be directly related to life, health and accident insurance or property and casualty insurance. A business course of general nature, insurance marketing or sales course shall not be approved.
(5) The courses or programs of instruction successfully completed which shall meet the standards of the Commissioner of Insurance for continuing educational requirements for the year in which the course is taken are:
(a) Any part of the Life Underwriter Training Counsel Life Course Curriculum or Health Course;
(b) Any part of the American College "CLU-ChFC," "RHU-REBC" diploma or certificate curriculum;
(c) Any part of the Insurance Institute of America's programs;
(d) Any course as approved by the Department of Insurance for property and casualty insurance agents; and
(e) Any designated insurance course taught by an accredited college or university per credit hour granted.
(6) The commissioner specifically reserves the right to approve or disapprove credit for continuing education claimed under this section.
(7) The Commissioner of Insurance may require any original publisher or provider to submit all material to be used in his or her program to the Department of Insurance or his designee for review.
(8) All providers shall maintain a record of persons attending each course for not less than five (5) years and shall provide certificates of completion with hours earned to students upon their successful completion of each course. The certificate shall bear the course identification number as assigned by the Commissioner of Insurance or his designee.
(9) The Commissioner of Insurance may, in his discretion, designate an independent evaluation educational service to evaluate and administer education programs, subject to his direction and approval. The evaluation fee charged by such educational service shall be paid by the applicant to the service.
SECTION 2. This act shall take effect and be in force from and after July 1, 2007.