California Insurance Continuing Education – Requirements And Options
There are many insurance agents in the beautiful state of California. With the state being so large, there is a huge demand for insurance by consumers. All agents are qualified and go through a rigorous process to receive their insurance license. Each one has to go through a licensing process and then keep up on the subject matter through insurance continuing education. Most agents need to complete their CE every two years, but it depends on what licenses they hold. Some need specific courses if they sell long-term care insurance and others need certain courses if they sell property and casualty insurance. Each state is different when it comes to requirements for insurance CE and all are regulated by the department of insurance for each state.
There are a couple different options on how to receive their continuing education every two years. Many opt for online insurance continuing education since it is easier, more convenient and can be done from the comfort of your own home. Most students will read a textbook and pass an online exam to receive their CE. In California they must do this 60 days prior to their license expiration date. One other thing they must remember, a course cannot be duplicated within a two year period. So if they took a finance course in 1999, they cannot take the same finance course from the same insurance continuing education school until 2002. Another option students choose is classroom courses. They must sit in front of an instructor for however many hours the course is. The main difference is that there is no exam after the lecture.
Insurance CE is very important to stay in compliance. Agents can receive fines and sometimes even lose their license. This is a very serious matter, as many agents sell insurance to put food on the table. Many agents make sure they complete their CE requirements at least three months in advance to avoid these fines. Remember when choosing a company; make sure they are approved by the California Department of Insurance and report to the state in a reasonable amount of time. Other things to consider are the price, how reputable the company is and how many credits each course is worth. The least amount of courses the better. Each course you have to take an exam at the end. So if you find one or two courses to fulfill all of your requirements, the easier it will be to complete your CE.
As you can see if you live in California there are many things to consider when completing your continuing education requirements. Insurance agents make a lot of decisions and help their clients choose the best products available to fit their needs. They need to be well education and ethical at all times. Their decisions impact families, individuals, and corporations. All agents in the state of California are required to carry Error and Omission (E&O) insurance to prevent any lawsuits directed toward the individual agent. Contact the California department of Insurance for more information.
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