The current continuing education (CE) reporting period for West Virginia resident insurance producers began 7-1-2010 and ends 6-30-2012. Any resident producer, whose original license date is prior to 7-1-2011, must comply with continuing education by 6-30-2012. Resident producers whose original license date is 7-1-2011 or later will have the remainder of the current reporting period and the next full reporting period (7-1-2010 thru 6-30-2012) to comply with continuing education.
Carry Over Credits
Hours from the reporting period that ended 6-30-2012, that are in excess of 21 General credits and 3 Ethics credits (not to exceed a total of 6 hours), will be carried forward into the new reporting period and will be reflected on producer transcripts. The hours carried over will be categorized as CARRY OVER and will not be considered to be either General or Ethics. Producers will still be required to complete at least 3 hours of Ethics for the current biennium.
Producers are required to complete 24-hours of approved continuing education; a minimum of 3 hours must be courses approved in Ethics. Producers who sell solely through telemarketing (Affidavit) or sell only pre-need (Affidavit) will be required to complete 6-hours of approved continuing education; a minimum of 3 hours must be courses approved in Ethics. These producers must complete the required affidavit and submit directly to Prometric. Note: Only courses which are categorized for Ethics and appear on Prometric’s website will satisfy the ethics compliance requirement. Having “ethics” in the title or content of an approved CE course does not in itself assure that the course has been categorized for Ethics.
Training Requirements: Long Term Care & Annuity
Long-Term Care - All Resident/Non Resident Agents
All active resident and nonresident producers that sell, solicit or negotiate Long-Term Care insurance must complete a one-time Long-Term Care training course of no less than eight hours immediately, prior to selling any Long-Term Care products. The Act requires that all Long-Term Care producers continue to receive ongoing training of no less than four hours in each mandatory continuing education biennium subsequent to the biennium in which the one-time training was completed. Long Term Care Rule: www.wvinsurance.gov/LinkClick.aspx
Annuity - All Resident/Non Resident Agents
All active resident and nonresident producers that sell, solicit or negotiate annuities must complete a one-time Annuity training course of no less than four (4) hours immediately, prior to selling annuity products. Annuity Rule: www.wvinsurance.gov/LinkClick.aspx
Resident producers can have their Long-Term Care and Annuity training course hours count towards their 24 hour CE requirement by selecting courses that are APPROVED and CATEGORIZED for Long-Term Care or Annuity credit by West Virginia’s CE plan administrator, Prometric. A listing of approved Long-Term Care and Annuity courses can be found at www.sircon.com.
License date information can be verified on the Insurance Commissioner’s website, www.wvinsurance.gov, by selecting the licensee lookup link in the SBS links box.