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ND SB2135
Bill
Status
1/3/2019
Primary Sponsor
Oley Larsen
Click for details
AI Summary
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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.
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Specifies that active participation hours do not count toward ethics education requirements under section 26.1-26-31.1.
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Requires the commissioner to verify claimed active participation hours before accepting them as continuing education credit.
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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.
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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