24 hours every two (2) years (a biennium) are required. Of those credits, at least three (3) must be from courses categorized as Ethics.
To view your CE courses completed/transcript: www.sircon.com
Annuity Suitability: 6.2.2. Producers who hold a life insurance line of authority on the effective date of this rule (June 8, 2023) and who desire to sell annuities shall complete the requirements of subsection 6.2.1. of this rule within six months after the effective date of this rule.
Individuals who obtain a life insurance line of authority on or after the effective date of this rule may not engage in the sale of annuities until the annuity training course required under subsection 6.2.1. of this rule has been completed.
6.2.6. A producer who has completed an annuity training course approved by the Commissioner prior to the effective date of this rule shall, within six months after the effective date of this rule, complete either: 6.2.6.a. A new four CE credit training course provided by a CE provider after the effective date of this rule; or 6.2.6.b. An additional one-time one CE credit training course provided by a CE provider on appropriate sales practices, replacement and disclosure requirements under this rule.
Series 6.2 of the rule outlines the guidelines that must be met to meet West Virginia's requirements. Series 6.4 of the rule states that if a person has met the requirement of another state that is the same or substantially similar to the requirement outlined in 6.2 of the rule, the West Virginia requirement is met.
To read the rule click on the following PDF link: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.wvinsurance.gov/Portals/0/pdf/pol_leg/rules/ins/114CSR11B_Suitability_In_Annuity_Trans.pdf?ver=2023-03-30-134147-880
What are the new Long-Term Care CE requirements?
Effective July 1, 2009, WV Code 33-12-8a, "Producer Training for Long-Term Care Products", requires all active (resident & non resident), veteran producers that sell, solicit or negociate long-term care insurance complete a one-time long-term care course of no less than eight (8) hours prior to July 1, 2010. In addition, if a producer is newly licensed (after 7/1/2009) they must complete the one-time training immediately, prior to selling any LTC products. The new Act requires that all LTC producers continue to receive ongoing training of no less than four (4) hours in each mandatory continuing education biennium subsequent to the biennium in which the one-time training was completed. There hours counts toward the total 24 hour requirement. http://www.wvinsurance.gov/Default.aspx?tabid=224
Viatical Settlement Broker: An individual licensed as a viatical settlement broker shall complete on a biennial basis 15-hours of training related to viatical settlements and viatical settlement transactions. Continuing Education Requirements apply to WV Resident Viatical Settlement Brokers AND to those WV Non-Resident Viatical Settlement Brokers who qualified for licensing by passing the WV Viatical Settlement Broker Exam.
- Of the fifteen hours required, 12 hours must be in viatical settlements and 3 hours must be in ethics.
- If a viatical settlement broker is also licensed as a producer the 3-hour ethics course can be used toward both licenses.
VERTAFORE: A fee of $2 per credit per student will be submitted to Vertafore (formerly Sircon) daily Monday through Friday. You can contact Prometric at (800) 805-9127. The filing fee was $1.50 but went up to $2 effective 2/1/24.
The West Virginia Office of the Insurance Commissioner has contracted with Prometric to provide continuing education administrative services. As the CE administrator, Prometric is responsible for provider approvals, course review and approvals, and agent record keeping. Additional services include compliance calculation, producer CE status notifications and other communication with producers and providers.
MONITOR/PROCTOR: West Virginia requires that a disinterested third party person of your choice watch you complete your closed book test.
CERTIFICATE OF COMPLETION: You can now download your certificate of completion once payment has been received.
TESTING: You have five chances to pass the test. If you fail five times, the system will lock you out of that particular test & we cannot erase or delete them. You will need to make a different course selection. Tests are closed book.
If you have any questions, please go to West Virginia's website through the link below.
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