Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS › Chapter 31.03.02 - Insurance Producers- Continuing Education Requirements › Section 31.03.02.03 - General Continuing Education Requirements

Current through Register Vol. 51, No. 14, July 12, 2024
A. Except as set forth in this regulation, in order to renew a license, a licensed insurance producer shall successfully complete in each renewal period at least 24 hours of continuing education.
B. A licensed insurance producer who, as of October 1, 2008, has held a license for 25 or more consecutive years shall successfully complete 8 hours of continuing education in each renewal period in order to renew the license.
C. A licensed insurance producer shall obtain at least 3 hours of continuing education in Ethics.
D. A licensed insurance producer shall obtain hours of continuing education in the kind or subdivision of insurance for which they hold a license, as follows:
(1) Except for the required hours of continuing education in Ethics, if the licensed insurance producer has only a license for property insurance, casualty insurance, or any of the subdivisions of property or casualty insurance, the licensed insurance producer shall obtain all necessary hours of continuing education in courses designated by the Commissioner as "Property/Casualty" or "PC";
(2) Except for the required hours of continuing education in Ethics, if the licensed insurance producer has only a license for life insurance, health insurance, or any of the subdivisions of life or health insurance, the licensed insurance producer shall obtain all necessary hours of continuing education in courses designated by the Commissioner as "Life/Health" or "LH";
(3) If the licensed insurance producer has a license for property or casualty, or any subdivision of property or casualty, and life or health, or any subdivision of life or health, then the licensed insurance producer shall complete:
(a) 24 hours of continuing education with a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty" and a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health"; or
(b) For licensed insurance producers who meet the requirements of §B of this regulation, 8 hours of continuing education with a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty" and a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health";
(4) In addition to the required hours of continuing education in Ethics, if the licensed insurance producer holds a title insurance producer license only, the licensed insurance producer shall obtain 13 hours of continuing education in one or more courses designated by the Commissioner as "Title" in each renewal period in order to renew the license;
(5) If the licensed insurance producer has a license for title and property or casualty, or any subdivision of property or casualty, then the licensed insurance producer shall complete:
(a) 24 hours of continuing education with a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Title" and a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty"; or
(b) For licensed insurance producers who meet the requirements of §B of this regulation, 8 hours of continuing education with a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Title" and a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty";
(6) If the licensed insurance producer has a license for title and life or health, or any subdivision of life or health, then the licensed insurance producer shall complete:
(a) 24 hours of continuing education with a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Title" and a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health"; or
(b) For licensed insurance producers who meet the requirements of §B of this regulation, 8 hours of continuing education with a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Title" and a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health";
(7) If the licensed insurance producer has a license for title, property, or casualty, or any subdivision of property or casualty, and life or health, or any subdivision of life or health, then the licensed insurance producers shall complete:
(a) 24 hours of continuing education with a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Title", a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty", and a minimum of 6 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health"; or
(b) For licensed insurance producers who meet the requirements of §B of this regulation, 8 hours of continuing education with a minimum of 1 hour of continuing education in a course designated by the Commissioner as "Title", a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Property/Casualty", and a minimum of 2 hours of continuing education in one or more courses designated by the Commissioner as "Life/Health"; or
(8) A licensed insurance producer who has only a license for life insurance and also is a licensed funeral director or a licensed mortician and sells only life insurance policies or annuity contracts that fund preneed insurance contracts and is not a viatical settlement broker shall complete at least 16 hours of continuing education courses designated by the Commissioner as "Life/Health" in each renewal period in order to renew the license.