What is the resident Continuing Education Requirement?
Resident Producer licensees required to fulfill continuing education requirements shall complete twenty-four (24) credit hours of Department approved education subjects, three (3) of which shall be in ethics subjects during each biennium reporting period. Licensees are required to complete credits by the last day of February of even numbered years. Each biennial license period shall commence on March 1st and end on the last day of February of even numbered years.
What is the Continuing Education requirement for Producers who solicit Long Term Care policies?
Resident Producers holding a health license and who solicit long term care policies must complete at least three (3) hours of training in Delaware long term care insurance that consists of product knowledge, laws, rules and regulations as part of his/her biennial requirement. Since the Delaware Health Examination includes long term care knowledge, the long term care Continuing Education requirement does not need to be met prior to solicitation of the product. The requirement must be met during the biennium that the long term care policy was solicited.
What is the Continuing Education requirement for Producers who solicit Flood Insurance policies?
Any resident licensee who is authorized to write homeowners or personal lines coverage shall be required to complete a two (2) hour continuing education course related to flood insurance and the National Flood Insurance Program as part of the twenty-one (21) general credit hours necessary to maintain a Delaware resident license.
What is the Continuing Education requirement for resident Adjusters, Public Adjusters, and Fraternal Producers?
Resident Adjusters, Public Adjusters and Fraternal Producers shall be required to fulfill twelve (12) credit hours of Department approved education subjects, three (3) of which shall be in ethics subjects during each biennium reporting period.
The following license types are exempt from completing the Continuing Education requirement:
- Limited Lines Producers writing consumer credit as defined in 18 Del. C. §1702(k), title, crop/hail, surety and car rental insurance.
- Resident Adjusters licensed solely for surety and/or marine and transportation.
- Non-resident adjusters and non-resident public adjusters.
- Limited lines producers licensed under 18 Del. C. §1707(b)(2) for life insurance or annuity products used solely to fund a pre-need arranged funeral program.
An individual continuously licensed for twenty-five (25) years or longer prior to the start of a biennium reporting period or who holds a recognized professional designation shall receive an automatic credit of twelve (12) credits in each biennium. The following professional designations shall receive credit as provided for in Section 8.3 of Regulation 504: AAI, CEBS, ChFC, CFP, CIC, CLU CPCU, FLMI, FSPA and RHU. Automatic credits may not be applied to satisfy ethics credit requirements.
ANNUITY BEST INTEREST: On February 1, 2021, the Delaware Department of Insurance issued a Final Regulatory Implementing Order, amending Regulation 1214 Suitability in Annuity Transactions. Effective August 1, 2021, producers who hold a life line of authority and are already certified to sell annuities, shall by February 1, 2022 complete a new one-time four-hour annuity best interest course approved by the DOI after August 1, 2021. Individuals who obtain a life line of authority on or after August 1, 2021, may not engage in the sale of annuities until the four-hour best interest course has been completed. The satisfaction of training requirements of another state that are substantially similar are considered to satisfy the training requirements of Delaware. Each insurer will be responsible for verifying producer compliance prior to selling its annuity products in Delaware.
The Order may be viewed at https://regulations.delaware.gov/register/february2021/final/24%20DE%20Reg%20798%2002-01- 21.htm.
CARRYOVER HOURS: The maximum number of carryover credits shall not exceed five (5) credits in a biennium reporting period. Carryover credits shall not apply to ethics credit requirements. Excess credits of the mandatory requirements may be applied to the licensee's general course requirement.
REPEATS: Effective 04/2014 You can't repeat the same course within your same licensing period.
SBS: Effective 5/17/2010 Delaware has contracted with State Based Systems (SBS). SBS charges $1 per credit hour for this service. This fee will be assessed at checkout.
If you have any questions, please call your state at (302) 674-7390 for licensing questions or 302-674-7396 for continuing education question, or click on the link below.
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