LICENSE RENEWAL

• License renewal date is the last day of the agent’s birth month.

COURSES ACCEPTED FOR CE CREDIT

• Classroom Courses
• Classroom Equivalent
• Self-Study Method Courses

COURSE SUBJECT REQUIREMENTS

• Three (3) hours of ethics each compliance period.
• At least 18-hours must be completed in a classroom or through classroom equivalent courses.

ANNUITY REQUIREMENT

• Effective January 1, 2021, producers that would like to sell annuity products are required to complete a one-time four credit training course approved by the commissioner and provided by an education provider. A producer who has completed an annuity training course prior to January 1, 2021, will, before July 1, 2021, complete either: (1) A new four-credit training course approved by the commissioner after January 1, 2021; or (2) An additional one-time one credit training course on appropriate sales practices, replacement and disclosure requirements under this amended regulation. Bulletin 20-12 also provides that an annuity continuing education course that has been approved by the commissioner on or after October 1, 2020 and has a course category of annuity products-best interest will meet the requirements of IAC 191-15.76.
• Non-residents who have satisfied the annuity best interest training requirements of another state that are similar to Iowa's law will be deemed compliant for Iowa's annuity best interest training requirement.

LONG TERM CARE REQUIREMENT

• Initial 8-hour LTC training requirement: A one-time training course of at least 8 CE credits in subjects related to long-term care insurance must be completed prior to selling any long-term care insurance. This training course is required to be in a classroom setting.
• Ongoing 4-hour LTC training requirement: Following the initial training, producers continuing to sell LTC insurance must complete ongoing training of 4 CE credits in subjects related to long-term care insurance every three-year CE term afterward.
• Non-residents who satisfy the training requirements of another state that are similar to Iowa’s law will be deemed compliant for Iowa’s requirement. Non-resident producers that have not taken an approved LTC course in another state must meet the training requirement by completing an Iowa approved course.

CARRYOVER REQUIREMENT

• Credit hours cannot be carried over to the next compliance period.

COURSE REPETITION

• Credit will not be given for a course that is repeated within a compliance period.

FINAL EXAM

• Final exams are required to be monitored by:
1. Disinterested Third Party
2. Representative of the Provider
• Specific Monitor Affidavit needed.

EXEMPTIONS

• Non-resident producer who lives in a state where CE is required.

For Additional Information please contact: