FILED ON: 12/12/2016
HOUSE . . . . . . . . . . . . . . . No. 4760
Substituted by the House, on motion of Mr. Speliotis of Danvers, for a bill with the same title (House, No. 821). December 12, 2016. |
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act relative to continuing education of insurance producers.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 177E of chapter 175 of the General Laws, as appearing in 2014 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.