§ 627-3.1. Insurance producer training
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: June 20, 2022
Effective: June 20, 2022
40 P.S. § 627-3.1
§ 627-3.1. Insurance producer training
(1) The continuing education requirement under subsection (a) shall be met on or before the end of the insurance producer’s next complete license period occurring after the effective date of this section. For individuals licensed on or after the effective date of this section, the requirement shall be met on or before the end of the insurance producer’s first license period.
(c) Course requirements.--For a course to comply with the requirements of this subsection, it shall cover all topics listed under subsection (a) and may not contain any marketing information, provide training on sales techniques or provide specific information about a particular insurer's products. Additional topics may be offered in conjunction with and in addition to those required.
(g.1) Satisfaction of training requirements.--The satisfaction of the components of the training requirements of any course or courses with components substantially similar to the provisions of this section shall be deemed to satisfy the training requirements of this subsection in this Commonwealth.
(h) Verification.--An insurer shall verify that an insurance producer has completed the annuity training course required under this subsection within the time period specified under subsection (b). An insurer may satisfy its responsibility under this subsection by obtaining certificates of completion of the training course or obtaining reports provided by the commissioner-sponsored database systems or vendors or from a reasonably reliable commercial database vendor that has a reporting arrangement with approved insurance education providers.
Credits
1921, May 17, P.L. 682, No. 284, art. IV-B, § 403.1-B, added 2018, June 28, P.L. 351, No. 48, § 4, effective in 180 days [Dec. 26, 2018]. Amended 2021, Dec. 22, P.L. 472, No. 99, § 2, effective in 180 days [June 20, 2022].
40 P.S. § 627-3.1, PA ST 40 P.S. § 627-3.1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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