State Requirements

LICENSE RENEWAL

• License renewal is the last day of the birth month

COURSES ACCEPTED FOR CE CREDIT

• Classroom Courses – Half of the credit hours must be classroom credit or classroom equivalent
• Self-Study Courses – Only 12 of the hours may be Self-Study
• Classroom Equivalent

COURSE SUBJECT REQUIREMENTS

• Two (2) hours of ethics each compliance period

ANNUITY REQUIREMENT

• Resident and nonresident agents must take the one-time four-hour training.
• Eight hours of continuing education must be completed during the resident agents’ two-year licensing period.
• Nonresident agents are not required to comply with the ongoing eight hour annuity training.
• On June 4, 2021, the Texas legislature passed a law amending state’s Suitability of Certain Annuity Transactions statue to adopt the NAIC’s model suitability standard.
• Effective September 1, 2021, licensees who sell annuity products will need to complete a new annuity course that includes the new Best Interest rules. Licensees who have already completed a 4-hour annuity course prior to 9/1/2021 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course by 1/1/2022.Licensees who have not completed a 4-hour annuity course must take the annuity best interests course prior to selling annuities or before 1/1/2022.

LONG TERM CARE REQUIREMENT

• Initial 8 hours LTC Partnership Course which needs to contain state specific information
• 4 hours LTC Partnership every 2 years following

CARRYOVER REQUIREMENT

• Credit hours may not be carried over to the next compliance period

COURSE REPETITION

• Credit will not be given for courses taken more than once in each compliance period

FINAL EXAM

• No monitor required for a final exam / may be open-book

EXEMPTIONS

• Individuals who have been licensed in Texas continuously for 20 years or more
• Licensees that are grandfathered in ARE NOT EXEMPT from the new ANNUITY BEST INTEREST requirement
• Extensions or exemptions may be granted for an illness/medical condition (with proof)
• Nonresidents in good standing in home state that has a reciprocal agreement with Texas