SENATE DOCKET, NO. 749        FILED ON: 1/18/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 719

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.

_______________

PETITION OF:

SENATE DOCKET, NO. 749        FILED ON: 1/18/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 719

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 734 OF 2021-2022.]

The Commonwealth of Massachusetts

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

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 the 2022 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.