Senate Bill No. 2167 Summary

• Creates new section 26.1-26-31.9 allowing insurance producers and consultants to earn up to four hours of continuing education credit per two-year reporting period through active participation in professional insurance associations, with a maximum of two hours per calendar year.

• Requires professional insurance associations to verify claimed active participation and inform the commissioner, who may then accept the continuing education hours upon receipt of confirmation.

• Specifies that continuing education credit earned through active participation cannot be used to satisfy other continuing education requirements or ethics hours under section 26.1-26-31.1.

• Amends section 26.1-26-02 to renumber and clarify definitions of "active participation," "business entity," "home state," "insurance consultant," "insurance producer," "insurer," and other related terms.

• Amends section 26.1-26-35 to require insurance consultants to prepare written agreements on commissioner-approved forms before rendering services, outlining the work to be performed and stating the fee, with consultants retaining copies for at least two years.