12655801, 69B-228.180 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 12655801

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Insurance Agent and Agency Services

Chapter:

CONTINUING EDUCATION

Overview

RULE:

69B-228.180	Forms and Submission of Forms through the Education Database
69B-228.220	Licensee Compliance; Requirements; Penalties for Non-Compliance

PURPOSE:

The purpose of the proposed amendments is to implement changes made by Chapter 2012-209, Laws of Florida, to Section 626.2815, F.S. Effective October 1, 2014, licensees will be required to complete a 5-hour update course every 2 years which is specific to the license held by the licensee and cover insurance law updates, premium discounts, ethics, disciplinary trends, industry trends, and suitability of insurance products.  Since all licensees have 24 months to complete their continuing education requirements, the new law will affect those licensees who began their continuing education cycle on November 1, 2012 and will complete the cycle in October, 2014.

SUMMARY:

The proposed rule amendments will allow continuing education providers to develop appropriate course materials, submit them for approval by the Department, and then offer the courses to licensees. The proposed amendment will implement these legislative changes by:
(1) adopting a curriculum outline form; 
(2) approving courses for the following lines of insurance: life and variable annuity; life, health, and variable annuity; health; general lines; adjuster; public adjuster; and bail bonds; and 
(3) requiring that the course include a discussion of the following subject areas: regulatory awareness; insurance law and updates; ethical requirements; and trends.

RULEMAKING AUTHORITY:

624.308, 648.26(1)(a) FS

LAW:

624.307(1), 624.501, 626.221(2)(d), 626.2815, 626.611, 626.621, 626.681, 626.691, 626.8419, 626.869(5), 627.952(1)(b), 648.385, 648.386 FS

PRINT PUBLISH DATE:

2/18/2013 Vol. 39/33

COMMENTS:

From 2/18/2013 To 3/11/2013 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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