HB 6114 Summary

• Prohibits insurance producers from discouraging consumers from truthfully responding to insurer requests for consumer profile information, filing complaints, or cooperating with complaint investigations.

• Requires insurance producers selling annuities to complete a one-time 4-credit training course approved by the director covering annuity types, contract provisions, taxation, uses, and sales practices.

• Requires producers with life insurance authority before June 1, 2013 to complete annuity training by December 1, 2013; producers obtaining authority after May 31, 2013 must complete training before selling annuities.

• Requires producers who completed prior training courses to complete either a new 4-credit course or an additional 1-credit course on sales practices, replacement, and disclosure requirements within 6 months of enactment.

• Tied to passage of HB 6112, HB 6113, and HB 6115; takes effect 6 months after enactment.