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

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

The Commonwealth of Massachusetts

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PRESENTED BY:

John C. Velis

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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 insurance education.

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PETITION OF:

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

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

The Commonwealth of Massachusetts

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

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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.