If you are involved in selling, soliciting, or negotiating any of the insurance products, or you are an agent in the same industry, then you have to meet the minimum requirements before being licensed and additional specified requirements in order for your license to be renewed periodically. Among these requirements is the continued education (CE) for specified hours. The insurance agent CE will depend on your area of specialization. As such, there are compulsory topics to be covered as well as the additional topics to meet the minimal hours required.
However, before even examining what credits must be completed by an agent and in which are, it is important to know that are can be chances of being exempted from the continuing education requirements if the said agent meets some qualifications. The people who hold the limited authority license and those who are the non-resident agents in a particular state and have already complied with the CE requirements in their home states. The last category is of those who have been granted an inactive status by the State Director of Insurance.
In regards to annuity training, the CEs usually focus in the areas such as the identification of the annuity parties, the way the consumers are affected by the fixed, variable and the indexed annuity, and the methods of applying the income taxation of qualified as well as the non-qualified annuities. In addition to this, it may also include the primary use of the annuities, appropriate sale practices, and replacements as well as disclosures. These are just a few of examples of the areas covered in annuity training.
In the same way, the agents in line of the long-term care have to be trained on the federal and state regulations touching on the long-term care, the long-term care services and the providers available, the effects of inflation, and the suitability standards and guides for these policies. Other than the said topics, the training may also cover the comparisons with the private long-term care policies and several other related areas. Generally, the topics are covered in the initial training before licensing and the continued education required for license renewal.
The other common category is the life settlement training that consists of the topics such as the legal structuring of life settlement, the required disclosure and privacy, the legal relationships between the life settlement parties, ethics in selling, contract requirements, soliciting and negotiating the life settlement, and advertising and remedies among others.
In the case of those in the line of life settlement policies, the agents should focus more on the legal structure of life settlement, the requirements for the privacy and disclosures, the parties involve in life settlement, and the legal relationships in existence. The ethical training are also required with the focus in soliciting, negotiating, selling, and even advertising for the products. The other topics include the requirements for the contract and the remedies available.
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.
However, before even examining what credits must be completed by an agent and in which are, it is important to know that are can be chances of being exempted from the continuing education requirements if the said agent meets some qualifications. The people who hold the limited authority license and those who are the non-resident agents in a particular state and have already complied with the CE requirements in their home states. The last category is of those who have been granted an inactive status by the State Director of Insurance.
In regards to annuity training, the CEs usually focus in the areas such as the identification of the annuity parties, the way the consumers are affected by the fixed, variable and the indexed annuity, and the methods of applying the income taxation of qualified as well as the non-qualified annuities. In addition to this, it may also include the primary use of the annuities, appropriate sale practices, and replacements as well as disclosures. These are just a few of examples of the areas covered in annuity training.
In the same way, the agents in line of the long-term care have to be trained on the federal and state regulations touching on the long-term care, the long-term care services and the providers available, the effects of inflation, and the suitability standards and guides for these policies. Other than the said topics, the training may also cover the comparisons with the private long-term care policies and several other related areas. Generally, the topics are covered in the initial training before licensing and the continued education required for license renewal.
The other common category is the life settlement training that consists of the topics such as the legal structuring of life settlement, the required disclosure and privacy, the legal relationships between the life settlement parties, ethics in selling, contract requirements, soliciting and negotiating the life settlement, and advertising and remedies among others.
In the case of those in the line of life settlement policies, the agents should focus more on the legal structure of life settlement, the requirements for the privacy and disclosures, the parties involve in life settlement, and the legal relationships in existence. The ethical training are also required with the focus in soliciting, negotiating, selling, and even advertising for the products. The other topics include the requirements for the contract and the remedies available.
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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