Chapter 05-044

2005 -- H 5302 SUBSTITUTE A

Enacted 06/16/05

A N A C T

RELATING TO INSURANCE -- CONTINUING EDUCATION REQUIREMENTS

Introduced By: Representatives Flaherty, Landroche, and Petrarca

Date Introduced: February 02, 2005

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-five (25) years and who are age fifty-five (55) at

the time of renewal. Provided, further, however, that this chapter shall also not apply to any

persons who had held a license for at least twenty (20) years and were at least sixty (60) years of

age at the time of renewal as of July 3, 2004.

     SECTION 2. This act shall take effect upon passage.  

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LC01078/SUB A

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