SENATE DOCKET, NO. 707        FILED ON: 1/18/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 536

The Commonwealth of Massachusetts

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PRESENTED BY:

Donald F. Humason, Jr.

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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 education of insurance producers.

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PETITION OF:

SENATE DOCKET, NO. 707        FILED ON: 1/18/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 536

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 4760 OF 2015-2016.]

The Commonwealth of Massachusetts

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In the One Hundred and Ninetieth General Court
(2017-2018)

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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 1. 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.