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ND SB2135

Bill

Status

Introduced

1/3/2019

Primary Sponsor

Oley Larsen

Click for details

Origin

Senate

66th Legislative Assembly

AI Summary

  • Creates new section 26.1-26-31.9 allowing insurance producers and consultants to earn up to 6 hours of continuing education credit per two-year reporting period through active participation in professional insurance associations, industry meetings, or regulatory proceedings.

  • Specifies that active participation hours do not count toward ethics education requirements under section 26.1-26-31.1.

  • Requires the commissioner to verify claimed active participation hours before accepting them as continuing education credit.

  • Amends section 26.1-26-02 to add a new definition of "Active participation" encompassing attendance at formal association meetings, service on boards or committees, and participation in industry or regulatory meetings.

  • Updates section 26.1-26-35 to clarify that insurance consultants must prepare a written commissioner-approved agreement before rendering services, outlining the work to be performed and fees, with the consultant retaining signed copies for at least two years.

Legislative Description

Definitions relating to insurance producers and consultants.

Last Action

Second reading, failed to pass, yeas 0 nays 46

1/21/2019

Committee Referrals

Industry, Business, and Labor1/3/2019

Full Bill Text

No bill text available