W. Va. Code R. § 114-42-5

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

Section 114-42-5 - Continuing Insurance Education Course Requirements

5.1. A continuing insurance education course shall not qualify for use as continuing insurance education credit unless it is filed with and approved by the Commissioner and the Board.

5.2. A provider shall not implement any material change in a continuing insurance education course previously approved by the Commissioner until the change has been filed with and approved by the Commissioner and the Board.

5.3. The Commissioner will not give an individual insurance producer or individual insurance adjuster credit for any continuing insurance education course which is taken prior to the issuance of written approval by the Commissioner and the Board.

5.4. If a continuing insurance education course is taken more than once in a reporting period, the Commissioner will give the individual insurance producer or individual insurance adjuster credit only for the first time that the course was taken and completed during the applicable reporting period.

5.5. The Commissioner may withdraw approval of a continuing insurance education course for any of the following reasons:

5.5.1. The continuing insurance education course teaching methods or course content have been materially changed without being filed with or approved by the Commissioner and the Board;

5.5.2. The continuing insurance education course provider has certified to the Commissioner that an individual insurance producer or individual insurance adjuster has satisfactorily completed the course when the individual insurance producer or individual insurance adjuster has not done so;

5.5.3. The continuing insurance education course provider fails to certify to the Commissioner that the individual insurance producer or individual insurance adjuster has satisfactorily completed the course when, in fact, the individual insurance producer or individual insurance adjuster has done so; or

5.5.4. There is other good reason to withdraw approval of a continuing insurance education course.

5.6. In those instances where the Commissioner has withdrawn approval for a continuing insurance education course, individual insurance producers or individual insurance adjusters who successfully completed the course prior to the withdrawal of approval shall receive credit toward their continuing education requirements.

5.7. Scripted presentations for individual insurance producers involved in telemarketing insurance products pursuant to W. Va. Code § 33-12-8 shall be filed with the Commissioner no later than the first day of each reporting period or at least sixty (60) days prior to doing business in the state, whichever comes first.

5.8. A continuing insurance education course may be approved by the Commissioner and the Board as a dual credit course for both individual insurance producers and individual insurance adjusters. An individual who holds both an individual insurance producer license and an individual insurance adjuster license may take a continuing insurance education course that is approved by the Commissioner and the Board as a dual credit course and apply it towards the continuing education credit requirements for both an individual producer license and individual adjuster license.

W. Va. Code R. § 114-42-5