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An agent dealing with insurance product s (soliciting, selling, or negotiating) has to complete some continuing education (CE) has specified by his or her state regulation and federal laws. For instance, an intermediary in flood policies, individual life settlement, long term care policy or annuity policy need to earn the insurance agent CE credits as specified by state regulations before the license can be renewed. Before the initial licensing the agent also needs to undertake specified technical training in his area or relevance.
The agents that meet certain requirements can be exempted from some or all CEs depending on the state there are renewing their licenses. The good example is those who hold the limited liability licenses as they qualify for exemptions. In the same way, the agents who have completed the credit required in their home states and are non-residents also get the exemptions just like those that have the inactive status as granted by the relevant 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 agents in long-term care line also have to be trained on specific topics that are relevant to their area of interest. These include the training in the specific long-term care policies available, how inflation affects the long-term care policy, suitability of a given product, the policy guides, how the private long-term care policies compares and many other relevant topics in the area. According to the state requirements the agent has to meet some of these requirements before the initial requirements and the rest before the license can renewed.
As for the national flood policy training, the requirements may be slightly different. The agents are subject to the Federal Emergency Management Agency (FEMA) regulations. For one to sell the federal flood insurance policies, they must meet the minimum training requirement as set up in the Flood Insurance Reform Act of 2004 Section 207 and those published by FEMA.
From the given examples, it is clear that every agent in the area of insurance has to engage in the relevant continuing education in order to qualify for the license renewal. In most cases, the CE requirements are specified by the relevant state authorities and it is upon one to know what is required.
Several organizations are now offering these training and most can be reached through the internet, however, you must confirm that the said organization is authorized by the relevant authorities to offer the training before signing for their courses.
The agents that meet certain requirements can be exempted from some or all CEs depending on the state there are renewing their licenses. The good example is those who hold the limited liability licenses as they qualify for exemptions. In the same way, the agents who have completed the credit required in their home states and are non-residents also get the exemptions just like those that have the inactive status as granted by the relevant 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 agents in long-term care line also have to be trained on specific topics that are relevant to their area of interest. These include the training in the specific long-term care policies available, how inflation affects the long-term care policy, suitability of a given product, the policy guides, how the private long-term care policies compares and many other relevant topics in the area. According to the state requirements the agent has to meet some of these requirements before the initial requirements and the rest before the license can renewed.
As for the national flood policy training, the requirements may be slightly different. The agents are subject to the Federal Emergency Management Agency (FEMA) regulations. For one to sell the federal flood insurance policies, they must meet the minimum training requirement as set up in the Flood Insurance Reform Act of 2004 Section 207 and those published by FEMA.
From the given examples, it is clear that every agent in the area of insurance has to engage in the relevant continuing education in order to qualify for the license renewal. In most cases, the CE requirements are specified by the relevant state authorities and it is upon one to know what is required.
Several organizations are now offering these training and most can be reached through the internet, however, you must confirm that the said organization is authorized by the relevant authorities to offer the training before signing for their courses.
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