38.2-1866 - Continuing education requirements.
§ 38.2-1866. Continuing education requirements.
A. Every individual resident and nonresident (i) insurance consultant, (ii)life and annuities insurance agent, (iii) health agent, (iv) property andcasualty insurance agent (v) personal lines agent, and (vi) title insuranceagent shall, on a biennial basis, furnish evidence as set forth in thisarticle that the continuing education requirements of this article have beensatisfied. As used in this article, the term "agent" shall be construed torefer to any of the individual licensees referred to above.
B. Any agent who holds a life and annuities license or a health agentlicense, or both, shall complete sixteen hours of relevant continuingeducation credits.
C. Any agent who holds a personal lines license or a property and casualtylicense shall complete sixteen hours of relevant continuing education credits.
D. Any agent who holds a title agent license shall complete sixteen hours ofrelevant continuing education credits.
E. Any agent who holds licenses from more than one category of licensesprovided above shall complete twenty-four hours of relevant continuingeducation credits with a minimum of eight credit hours in each such category.
F. Of the total required credits for each biennium, two credit hours shall bein insurance law and regulations applicable in Virginia.
G. Agents may receive no more than seventy-five percent of their requiredcredits from courses provided by insurance companies or agencies. The Board,in its sole discretion, shall, at the time of course approval, determinewhether any particular course shall be considered to be insurance company oragency sponsored, and shall require all course sponsors to provide thisinformation clearly and conspicuously to all those enrolling in that course.
(1992, c. 570; 1994, c. 175; 1996, c. 159; 1998, c. 46; 1999, c. 86; 2001, c.706.)