Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-3 - REGULATIONS REGARDING AGENTS, SUBAGENTS, COUNSELORS, ADJUSTERS, SURPLUS LINES BROKERS, AND AGENCIES › Rule 120-2-3-.12 - Continuing Education Courses Approval

Current through Rules and Regulations filed through June 27, 2024
(1) Considerations for course qualification
				and approval shall be based on improving the student's knowledge in the
				insurance areas in which the student is licensed.
(a) The overriding consideration in
				determining whether a course qualifies as acceptable continuing education is
				that it be a formal program of learning which contributes directly to the
				professional or technical competence of a licensed individual. Sales,
				motivational, self- improvement, telephone techniques, office techniques
				(except to the extent of improving service to the public when combined with
				other eligible instruction), election of officers, installation of officers,
				attendance at conventions and other similar activities, programs, or courses
				will not be approved.
(b) Courses
				must be related directly to the types of insurance business or accounts for
				which a continuation of licenses is sought. In general, subjects would be
				acceptable if they contribute to the technical competence of the individual
				person in the capacity for which such person is licensed.
(c) The training required under
				120-2-3-.15(2)(f)
				shall consist of topics related to long term care insurance, long term care
				services and qualified state long term care insurance Partnership programs
				under Rule
				120-2-16-.34(5),
				including but not limited to
1. State and
				federal regulations and requirements and the relationship between qualified
				state long term care insurance Partnership programs and other public and
				private coverage of long term care services, including Medicaid;
2. Available long term services and
				providers;
3. Changes or
				improvements in long term care services or providers;
4. Alternatives to the purchase of private
				long term care insurance;
5. The
				effect of inflation on benefits and the importance of inflation
				protection;
6. Consumer suitability
				standards and guidelines;
7. Said
				course must contain a minimum of two (2) hours instruction covering Georgia
				Medicaid provisions.
(d)
				The training required under
				120-2-3-.15(2)(g)
				can be approved to be delivered as a classroom course or self-study; the course
				shall not include any marketing information or provide training on sales
				techniques or provide specific information about a particular insurer's
				products; the training required shall consist of topics related to annuities
				and annuity suitability and must include the following:
1. The types of annuities and various
				classifications of annuities;
2.
				Identification of the parties to an annuity;
3. How fixed, variable and indexed annuity
				contract provisions affect consumers;
4. The application of income taxation of
				qualified and non-qualified annuities;
5. The primary uses of annuities;
				and
6. Appropriate sales practices,
				replacement and disclosure requirements.