SB 705 — Insurance; adds member to continuing education board.

SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY ––-- 2024 SESSION CHAPTER E364 An Act to amend and reenact § 38.2-1867 of the Code of Virginia, relating to insurance;

R O [S 705] Approved LApril L2, 2024 Be it enacted by the General Assembly of Virginia:

E § 38.2-1867.

DA. Commission, shall approve all continuing education instructors, programs of instruction, and courses, including technical courses or agency management and operations courses, and shall evaluate credit hours for all programs or courses offered.

TheAn Boardinsurance shallcontinuing establisheducation andboard, monitorhereinafter standardscalled forthe Board, appointed by the Commission, shall approve all continuing education instructors, programs of insuranceinstruction, agentsand courses, including technical courses or agency management and publicoperations adjusterscourses, and setshall minimumevaluate requirementscredit hours for courseall instructors.programs or courses offered.

The Board shall establish and monitor standards for the The Board shall have the authority to disapprove or withdraw approval of course sponsors, courses, orors. course instructors when the established standards are not satisfied, or where such standards have been violated.

Bcourse B.instructors when the established standards are not satisfied, or where such standards have been violated.

TheB. number of credits for each self-study course, correspondence course, or program of cl0ssroom classroom course, a credit hour shall be equivalent to a classroom hour providing at least 50 mEnutes of continuous instruction or participation.

The number of credits for each self-study course, correspondence course, or program of classroom instruction shall be determined in a manner prescribed by the Board.

However, for an approved classroom course, a credit hour shall be equivalent to a classroom hour providing at least 50 minutes of continuous instruction or participation.

An instructor of an approved continuing education course shall be eligible to receive the same number of credits as a person enrolled in the course for the purpose of meeting the continuing education for attending or teaching the same course onlyrequirements once during the two-year period set forth in subsection Bs of §this 38.2-1868.1.article.

However, agents, public adjusters, and instructors may apply credits for attending or teaching the same course only once during the two-year period set forth in subsection B of § 38.2-1868.1.

One active member of the Professional Insurance Agents of Virginia and the District of Columbia, as 3.recommended by the Professional Insurance Agents of Virginia and the District of Columbia;

3.

One active member of the Virginia chapter of the National African American Insurance Association, as recommended by the Virginia chapter of the National African American Insurance Association;

as recommended by the Virginia chapter of the National African American Insurance 7.

No person shall serve as a member of the Board if, in the opinion of the Commission, such person (i) prepares, submits for approval, or teaches insurance continuing education courses in Virginia or in any other jurisdiction, other than as an incidental part of such person's employment, or (ii) no longer meets the criteria on which the original appointment to the Board was based pursuant to subG.subsection E.

G.

At any such meeting of the of 2 Board or any subcommittee of the Board, one or more representatives from the Bureau of Insurance shall be permitted to attend and to participate in such meeting, except that such Bureau of Insurance of 2 representative or representatives shall not have the right to vote on any matters before the Board.