Chapter 298

2004 -- H 7327

Enacted 07/03/04

A N A C T

RELATING TO INSURANCE --CONTINUING EDUCATION REQUIREMENTS

Introduced By: Representative Robert E. Flaherty

Date Introduced: January 22, 2004

It is enacted by the General Assembly as follows:

     SECTION 1. Section 27-3.2-3 of the General Laws in Chapter 27-3.2 entitled

"Continuing Education Requirements" is hereby amended to read as follows:

27-3.2-3. Exemptions. -- This chapter does not apply to:

      (1) Those natural persons holding resident licenses to sell any kind or kinds of insurance

for which an examination is not required by the law of this state;

      (2) Persons holding a limited or restricted license which is exempted by the insurance

commissioner;

      (3) Non-resident licensees who must meet continuing education requirements established

by the insurance department in their home state if the state of their residence, in the opinion of the

insurance commissioner, accords substantially similar treatment to residents of this state; or

      (4) Persons holding a license for twenty (20) twenty-five(25) years and who are age sixty

(60) fifty-five (55) at the time of renewal.

     SECTION 2. This act shall take effect upon passage.

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LC01084

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