2023 Indiana Code › Title 27. Insurance › Article 1. Department of Insurance › Chapter 15.7. Insurance Producer License Renewal › 27-1-15.7-2.4. Continuing Education Credit for Insurance Producer Participation in Professional Insurance Organization

Sec. 2.4. (a) This section applies to an insurance producer licensed under IC 27-1-15.6 who is subject to the continuing education requirement set forth in section 2(a) of this chapter.
(b) If an insurance producer actively participates in a state or national professional insurance organization, the insurance commissioner may:
(1) recognize the insurance producer's participation in the professional insurance organization; and
(2) apply the insurance producer's participation toward partial satisfaction of the continuing education requirement set forth in section 2(a) of this chapter.
(c) To be recognized and applied under subsection (b), an insurance producer's participation in a professional insurance organization must be one of the following:
(1) Service on the board of directors of:
(A) a state professional insurance organization;
(B) a state chapter of a national professional insurance organization; or
(C) a national professional insurance organization.
(2) Service on a formal committee of:
(A) a state professional insurance organization;
(B) a state chapter of a national professional insurance organization; or
(C) a national professional insurance organization.
(3) Service on a formal subcommittee or task force of:
(A) a state professional insurance organization;
(B) a state chapter of a national professional insurance organization; or
(C) a national professional insurance organization.
(d) Not more than two (2) of the twenty-four (24) total hours of credit in continuing education courses required of an insurance producer by section 2(a) of this chapter may be satisfied under this section in each two (2) year licensing period.
(e) If an insurance producer's participation in a professional insurance organization is recognized and applied under subsection (b), one (1) hour of the insurance producer's participation in the professional insurance organization shall count toward satisfaction of one (1) hour of the twenty-four (24) total hours of credit in continuing education courses required by section 2(a) of this chapter, subject to the limit set forth in subsection (d).
(f) An insurance producer's participation in a professional insurance organization may not be applied under this section toward the satisfaction of the requirement under section 2(a) of this chapter, if applicable, that an insurance producer complete at least three (3) hours of credit in continuing education courses related to ethical practices in the marketing and sale of life, health, or annuity insurance products in each two (2) year licensing period.
(g) To be recognized and applied under subsection (b) toward satisfaction of an insurance producer's continuing education requirements under section 2(a) of this chapter for a two (2) year licensing period, the insurance producer's participation in a professional insurance organization must:
(1) occur during that two (2) year licensing period; and
(2) be verified by the professional insurance organization in a communication submitted to the insurance commissioner before the deadline (if any) established by the rules adopted under subsection (h).
(h) The insurance commissioner may adopt rules under IC 4-22-2 to administer this section.
As added by P.L.226-2023, SEC.2.