HB 125 Summary

• Requires insurance producers and service representatives to complete 24 hours of continuing education biennially (including 3 hours on ethics) as a mandatory condition of license renewal, with no extensions permitted.

• Eliminates provisions allowing licensees to request extensions to complete continuing education requirements before renewing their licenses.

• Authorizes the Insurance Commissioner to assess civil fines up to $10,000 as an alternative to license suspension for violations of continuing education requirements.

• Maintains existing exemptions for certain categories of licensees, including those licensed only for lines not requiring examination, limited lines insurance, and newly licensed producers for 12 months.

• Becomes effective January 1, 2019.