W. Va. Code R. § 114-42-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-42-4 - Exemptions

4.1. Continuing education requirements for individual insurance producers shall not apply to:

4.1.1. Persons holding resident licenses for any kind or kinds of insurance for which an examination is not required by the Commissioner;

4.1.2. Persons selling only limited lines credit insurance and limited lines insurance;

4.1.3. Any such limited or restricted license as the Commissioner may exempt;

4.1.4. Individual insurance producers whose licenses have expired pursuant to W. Va. Code § 33-12-17;

4.1.5. Individual insurance producers who have voluntarily cancelled their licenses; and

4.1.6. Non-resident individual insurance producers.

4.2. Continuing education requirements for individual insurance adjusters shall not apply to:

4.2.1. Individual insurance adjusters not licensed for one full year prior to the end of the applicable continuing education biennium; or

4.2.2. Individual insurance adjusters holding nonresident adjuster licenses who have met substantially similar continuing education requirements of their designated home state and whose home state gives credit to resident adjusters of this state on the same basis.

4.3. The Commissioner shall, in consultation with the Board, develop a program regarding continuing education requirements for individual insurance adjusters during the transition to the new biennium period established pursuant to the 2021 amendments to this rule and such program shall be posted on the agency website.

W. Va. Code R. § 114-42-4