HOUSE BILL No. 1402
DIGEST OF INTRODUCED BILL
Citations Affected: IC 27-1-15.7-4.
Synopsis: Insurance producer management courses. Specifies
continuing education courses that must be approved by the
commissioner of the department of insurance.
Effective: July 1, 2005.
January 13, 2005, read first time and referred to Committee on Insurance.
First Regular Session 114th General Assembly (2005)
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HOUSE BILL No. 1402
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 27-1-15.7-4; (05)IN1402.1.1. -->
SECTION 1. IC 27-1-15.7-4 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2005]: Sec. 4. (a) The
commissioner shall approve and disapprove continuing education
courses after considering recommendations made by the insurance
producer education and continuing education advisory council created
under section 6 of this chapter.
(b) The commissioner may not approve a course under this section
if the course:
(1) is designed to prepare an individual to receive an initial
license under this chapter;
(2) concerns only routine, basic
office skills, including filing,
keyboarding, and basic computer skills;
(3) concerns sales promotion and sales techniques;
(4) concerns motivation, psychology, or time management; or
(5) may be completed by a licensee without supervision by an
instructor, unless the course involves an examination process that
(A) completed and passed by the licensee as determined by the
provider of the course; and
(B) approved by the commissioner.
(c) The commissioner shall approve a course under this section
that is submitted for approval by an insurance trade association if:
(1) the objective of the course is to educate a manager or an
owner of a business entity that is required to obtain an
insurance producer license under IC 27-1-15.6-6(d);
(2) the course teaches insurance producer management and is
designed to result in improved efficiency in insurance
producer operations, systems use, or key functions;
(3) the course is designed to benefit consumers; and
(4) the course is not described in subsection (b).
Approval of a continuing education course under this section
shall be for a period of not more than two (2) years.
A prospective provider of a continuing education course shall
(1) a fee of forty dollars ($40) for each course submitted for
approval of the commissioner under this section; or
(2) an annual fee of five hundred dollars ($500) not later than
January 1 of a calendar year, which entitles the prospective
provider to submit an unlimited number of courses for approval
of the commissioner under this section during the calendar year.
The commissioner may waive all or a portion of the fee for a course
submitted under a reciprocity agreement with another state for the
approval or disapproval of continuing education courses. Fees collected
under this subsection shall be deposited in the department of insurance
fund established under IC 27-1-3-28.
The commissioner shall adopt rules under IC 4-22-2 to
establish procedures for approving continuing education courses.