If you want your course to be credited in a reciprocal state, you must submit revised materials for verification. Under the ERC agreement, a credit is granted for each hour of the 50-minute course. Since Massachusetts is moving from one hour from 60 minutes to one hour of 50 minutes, pre-approved courses must be reviewed to be accepted by a reciprocal state. Starting December 1, 2020, Massachusetts-based producers and delivery drivers who successfully take recognized continuing education courses in reciprocal or online countries will receive a continuing education credit for these courses in Massachusetts. These changes are expected to reduce barriers for both resident and non-resident EC providers and lead to additional and more varied continuing education offerings in the future. An initial application form, a fee and a detailed sketch showing the times and minutes for each subject must be submitted at least thirty (30) days before the date of the training course. A detailed business CV or biography for each course manager must be included in the application. If the application is submitted by a secondary supplier, a copy of the authorization agreement must be provided. The applicant`s federal tax identification number must be on the application.
Do not use your Social Security number if you do not have a federal tax identification number. All approved EC courses that will be taken on 1 December 2020 or before 1 December 2020 will be credited with the number of EC credits in effect for the course at the time of implementation, regardless of when the diploma is notified to the division`s continuing education provider. To be considered an active participation in the NAIC Continuing Education Reciprocity (CER), a state commissioner signed the NAIC Continuing Education Reciprocity Agreement and was adopted by the President of the Midwest Zone. In addition, the state may have to make changes to the guidelines or forms to comply with the signed agreement and must have informed its suppliers of the start date of reciprocity declarations. To meet Massachusetts` training requirements; All licensees who are required to take continuing education courses must include a three-hour course on ethics among the courses. In addition, the ERC agreement amends the definition of a “credit hour” of the existing 60 minutes to at least 50 minutes and eliminates the requirement that EC courses be at least two (2) hours of credit. If I take an EC course, but am not credited until after 1 December 2020, what is the impact of the ERC agreement on the credits I receive? In order to ensure that your licence is renewed in a timely manner, you must allow sufficient time to obtain your continuing education credits before the renewal date of your licence. As part of ongoing efforts to streamline processes and implement consistent transactions for both licensees and consumers, the Insurance Department is announcing changes to simplify continuing education (EC) requirements for established producers and licensed insurance windows.
What changes to my EC requirements should I expect when Massachusetts concludes this ERC agreement? The application form, content structure and tax must be submitted at least thirty (30) days before the date of the continuing education course. A detailed business CV or biography for each course manager must be included in the application. Does this agreement change the way I am licensed in Massachusetts or how many CE credits do I need for licensing/renewal? Each individual, insurance company, special insurance association, insurance manufacturers` association, accredited higher education institution or insurance training organization may submit continuing education courses for approval by the Commissioner. Course information must be submitted on the training provider`s course request, which can be printed here from this site. A completed application must be submitted to the Indiana Department of Insurance, c/o CE Coordinator, 311 West Washington Street, Indianapolis, Indiana 46204-2787.