Insurance agents: prelicensing education.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill eliminates the requirement for new insurance agents to complete 20 hours of prelicensing study. It maintains a fee associated with a 12-hour ethics course certification and incorporates changes from Assembly Bill 487. Specifically, it modifies sections related to licensing requirements for life agents, limited lines automobile insurance agents, and cargo shipper’s agents, streamlining the process and adjusting fees.
Key provisions
- Eliminates the 20-hour prelicensing study requirement for new insurance agents.
- Maintains a fee for the 12-hour ethics course certification.
- Incorporates changes from Assembly Bill 487 regarding vehicle service contract provider licensing.
- Updates sections related to licensing for life agents, limited lines automobile insurance agents, and cargo shipper’s agents.
- Adjusts fees for various license applications and renewals.
- Specifies requirements for continuing education courses, including ethics and fraud prevention.
- Establishes a curriculum board to oversee license examination and continuing education curriculum development.
- Modifies the requirements for accident and health or sickness agent coverage of 24-hour care.
Who is affected
- Insurance agents
- Insurance companies
- The Department of Insurance
- Consumers seeking insurance licenses
- Curriculum board members
Bill text
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Sponsors
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1 on record
Primary sponsor
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