The bill aims to amend the Code of West Virginia by introducing the "Insurance Continuing Education Responsibility Act," which exempts individual insurance producers who have held an insurance license for 20 years or more from the requirement to complete continuing education courses. This exemption allows these seasoned professionals to choose whether or not to participate in continuing education, rather than mandating it as a requirement. The bill includes new legal language that specifies this exemption and outlines that while these individuals may attend continuing education courses, it is not obligatory.

Additionally, the bill modifies existing provisions regarding continuing education requirements for insurance producers, ensuring that the guidelines established by the Insurance Commissioner and the Board of Insurance Agent Education remain intact for all other licensed insurance producers. The proposed changes reflect a recognition of the experience and expertise of long-term license holders, while still maintaining educational standards for newer producers in the insurance industry.

Statutes affected:
Introduced Version: 33-12-8