HB 1084 — Insurance agents; revise the continuing education requirements of those who are 65 and have been licensed for 20 years.

1084 (As PassedSent theto House)Governor) AN ACT TO AMEND SECTION 83-17-251, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY INDIVIDUAL WHO IS SIXTYSIXTY-FIVE FIVE YEARS OF AGE OR OLDER AND WHO HAS BEEN LICENSED AS AN INSURANCE PRODUCER FOR A CONTINUOUS PERIOD OF TWENTYTWENTY-FIVE YEARS OR MORE AS OF JULYTHE 1,EFFECTIVE 2023,DATE OF THIS ACT, AS EVIDENCED BY SUBMISSION OF AN AFFIDAVIT, UNDER OATH, ON A FORM PRESCRIBED BY THE COMMISSIONER, SIGNED BY THE LICENSEE ATTESTING TO SATISFACTION OF THE AGE, LICENSING AND EXPERIENCE REQUIREMENTS SHALL NOT BE REQUIRED TO COMPLETE THE CONTINUING EDUCATION REQUIREMENTS OF AN INSURANCE PRODUCER;

TO BRINGAMEND FORWARDSECTION SECTIONS73-35-18, 83-17-255,MISSISSIPPI 83-17-259,CODE 83-17-415OF AND1972, 83-17-513,TO MISSISSIPPIEXEMPT CODEFROM OFTHE 1972,CONTINUING EDUCATION REQUIREMENTS FOR THEREAL PURPOSEESTATE OFLICENSURE POSSIBLETHOSE AMENDMENT;PERSONS WHO HAVE HELD A REAL ESTATE BROKER'S OR SALESPERSON'S LICENSE IN THIS STATE FOR AT LEAST TWENTY-FIVE YEARS AND WHO ARE AT LEAST SIXTY-FIVE YEARS OF AGE;

(2) The prelicensing course of study hours shall consist of twenty (20) hours of approved prelicensing education courses per H.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ G1/2 23/HR26/R1156PH23/HR26/R1156SG PAGE 1 (ENK\KW) (2) The prelicensing course of study hours shall consist of twenty (20) hours of approved prelicensing education courses per line of authority.

(g) An individual that is seeking licensure for the variable life and variable annuity products line of authority only.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ 23/HR26/R1156PH23/HR26/R1156SG PAGE 2(ENK\KW) (3)(g) EveryAn individual seekingthat renewalis ofseeking anlicensure insurance producer license, which has been in effect for athe termvariable oflife eighteenand (18)variable monthsannuity orproducts lessline shall satisfactorily complete twelve (12) hours of studyauthority inonly. approved continuing education courses.

(3) Every individual seeking renewal of an insurance producer license, which has been in effect for a term of eighteen (18) months or less shall satisfactorily complete twelve (12) hours of study in approved continuing education courses.

or (e) Any individual who is sixty-five (65) years of age or older and who has been licensed as an insurance producer for a continuous period of twenty (20) years or more as of July 1, 2023, H.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ 23/HR26/R1156PH23/HR26/R1156SG PAGE 3(ENK\KW) (e) Any individual who is sixty-five (65) years of age or older and who has been licensed as an insurance producer for a continuous period of twenty-five (25) years or more as of the effective date of this act, as evidenced by submission of an affidavit, under oath, on a form prescribed by the commissioner, signed by the licensee attesting to satisfaction of the age, licensing and experience requirements of this paragraph (e).

Section 83-17-255,73-35-18, Mississippi Code of 1972, is broughtamended forward as follows:

83-17-255.73-35-18.

(1) AEach prelicensingindividual andapplicant continuingfor educationalrenewal advisoryof committee,a comprisedlicense ofissued atby leastthe threeMississippi (3)Real butEstate notCommission moreshall, thanon sevenor (7)before individuals,the mayexpiration bedate appointedof byhis andlicense, shallor serve at a time directed by the pleasurecommission, submit proof of thecompletion Commissionerof not less than sixteen (16) clock hours of Insuranceapproved tocourse advisework to the commissionercommission, concerningin prelicensingaddition andto continuingany educationalother standards.requirements for renewal.

EachThe committeesixteen member(16) clock hours' course work requirement shall agreeapply to serveeach atwo-year minimumlicense renewal, and hours in excess thereof shall not be cumulated or credited for the purposes of twosubsequent (2)license years.renewals except as provided in this subsection (1).

The chairmancommission ofshall thedevelop committeestandards shallfor beapproval appointedof bycourses and shall serverequire atcertification theof pleasuresuch course work of the commissioner.applicant.

(2)The Acommission majoritymay ofdetermine those present at any meetingrequired ofsubject thematter educationalwithin advisory committee shall be a quorum for purposes of performing the dutiesmandated ofsixteen the(16) committeehours; under this section.

(3)provided Thethat committeethe mayrequired advisesubjects theshall commissionernot onexceed programeight content(8) andhours exceptionsof asthe permittedtotal undersixteen this(16) section.hours.

(4)Approved Thecontinuing committeeeducation shallhours beearned availablein to consider other related matters as the commissionerH. may assign.

SECTION 3.

Section 83-17-259, Mississippi Code of 1972, is brought forward as follows:

83-17-259.

The Commissioner of Insurance, upon written request, may grant exception to or extend the time in which a H.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ 23/HR26/R1156PH23/HR26/R1156SG PAGE 4(ENK\KW) licenseefinal mustthree comply(3) withmonths theof continuinga educationallicensee's requirementsrenewal ofperiod, thisif sectionin forexcess reasons of poorthe health,required militaryminimum servicesixteen or(16) otherhours, reasonablemay be carried over and justcredited causes.to the next renewal period.

SECTIONHowever, 4.no more than six (6) hours may be carried over in this manner.

SectionAny 83-17-415,member of the Mississippi CodeLegislature who has a real estate license shall be credited with eight (8) hours of 1972,credit isfor broughtthe forwardattendance asof follows:each year of a legislative session.

83-17-415.No person may receive continuing education credit for prelicense education courses taken, except as follows:

Thea commissionerlicensee shallwhose adoptlicense ais procedureon forinactive certifyingstatus and whose continuing education programs.credits are at least thirty (30) hours in arrears may, at the discretion of the commission, receive continuing education credit for retaking prelicense coursework, provided the entire prelicense course is retaken.

Each(2) individualThis seekingsection renewalshall ofapply anto adjusterrenewals license, which has been in effect for a term of eighteenlicenses (18)which monthsexpire oron lessand shallafter satisfactorilyJuly complete1, twelve1994; (12) hours of study in approved continuing education courses.

Everyhowever, individualan seekingapplicant renewalfor offirst anrenewal adjusterwho license, which has been inlicensed effect for anot term of more than eighteenone (18)(1) monthsyear shall satisfactorilynot completebe twenty-fourrequired (24)to hourscomply ofwith studythis insection approvedfor continuingthe educationfirst courses,renewal of whichthe threeapplicant's (3)license. hours shall have a course concentration in ethics.

SECTIONThe 5.provisions of this section shall not apply to persons who have held a broker's or salesperson's license in this state for at least twenty-five (25) years and who are * * * at least sixty-five (65) years of age.

SectionInactive 83-17-513,licensees Mississippiare Codenot ofrequired 1972,to ismeet broughtthe forwardreal asestate follows:continuing education requirements specified in this section;

83-17-513.however, such inactive licensees, before activating their license to active H.

The commissioner shall adopt a procedure for certifying continuing education programs for public adjusters.

Every individual seeking renewal of a public adjuster license, which has been in effect for a term of eighteen (18) months or less shall satisfactorily complete twelve (12) hours of study in approved continuing education courses.

Every individual seeking renewal of a public adjuster license, which has been in effect for a term of more than eighteen (18) months shall satisfactorily H.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ 23/HR26/R1156PH23/HR26/R1156SG PAGE 5(ENK\KW) completestatus, twenty-fourmust (24)cumulatively hoursmeet ofrequirements studymissed induring approvedthe continuingperiod educationtheir courseslicense ofwas whichinactive. three (3) hours shall have a course concentration in ethics.

SECTION(3) 6.A renewal of a license issued by the commission which expires after June 30, 2019, must include a current email address for the applicant.

Any email address previously provided by an applicant to the commission which is no longer valid or the primary email address of the applicant must be updated when a renewal application is submitted under this section.

(4) The commission shall promulgate rules and regulations as necessary to accomplish the purposes of this section in accordance with the Mississippi Administrative Procedures Law.

(5) [Repealed] SECTION 3.

1084 *HR26/R1156PH**HR26/R1156SG* ~ OFFICIAL ~ 23/HR26/R1156PH23/HR26/R1156SG ST: