SENATE DOCKET, NO. 1805        FILED ON: 2/18/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 734

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

John C. Velis

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to continuing insurance education.

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PETITION OF:

 

Name:

District/Address:

John C. Velis

Second Hampden and Hampshire


SENATE DOCKET, NO. 1805        FILED ON: 2/18/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 734

By Mr. Velis, a petition (accompanied by bill, Senate, No. 734) of John C. Velis for legislation relative to continuing insurance education.  Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

An Act relative to continuing insurance education.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 177E of chapter 175 of the General Laws, as appearing in 2016 Official Edition, is hereby amended by inserting after subsection E the following subsection:-

E ½. The commissioner may award up to 3 hours per year of continuing insurance education to a person holding 1 or more such licenses for an active annual membership in The National Association of Insurance and Financial Agents of Massachusetts, Inc.; provided, however, that not more than 9 hours of continuing insurance education may be awarded to a person holding 1 or more such licenses for membership in The National Association of Insurance and Financial Agents of Massachusetts, Inc. during a 36 month reporting period. Credit for continuing insurance education pursuant to this subsection may only be awarded to a person holding 1 or more such licenses who is required to complete at least 45 hours of continuing education per 36 month reporting period.