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 (increases to 3 hours after 09/30/22) of ethics each compliance period.

ANNUITY REQUIREMENT

• Resident and non-resident 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.
• Non-resident 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 09/01/2021 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course by 01/01/2022.Licensees who have not completed a 4-hour annuity course must take the annuity best interest course prior to selling annuities or before 01/01/2022.

LONG TERM CARE REQUIREMENT

• Initial 8 hours LTC Partnership Course which needs to contain state specific information.
• Ongoing 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).
• Non-residents in good standing in home state that has a reciprocal agreement with Texas.

For Additional Information please contact: