82R7900 PMO-F
 
  By: Eiland H.B. No. 2154
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to certain continuing education requirements for agents
  who sell Medicare-related products and annuities.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 4004.155, Insurance Code, as added by
  Chapter 326 (H.B. 739), Acts of the 81st Legislature, Regular
  Session, 2009, is amended to read as follows:
         Sec. 4004.155.  [NONAPPLICATION OF] CERTAIN EXEMPTIONS
  APPLICABLE.  The continuing education exemptions for certain agents
  established under Section 4004.052(b) and Section 9.02(e), Chapter
  703 (S.B. 414), Acts of the 77th Legislature, Regular Session,
  2001, [do not] apply to requirements under this subchapter.
         SECTION 2.  Section 4004.202, Insurance Code, is amended by
  amending Subsection (b) and adding Subsection (d) to read as
  follows:
         (b)  Each agent described by Subsection (a) must complete
  four hours of continuing education [annually] that specifically
  relates to annuities during the agent's two-year licensing
  period.  [The annual period under this section must be based on the
  agent's license expiration date or another date specified by the
  commissioner by rule, and the education requirement under this
  subsection must be met within that annual period, notwithstanding
  Section 4004.051(b).]
         (d)  The continuing education exemptions for certain agents
  established under Section 4004.052(b) and Section 9.02(e), Chapter
  703 (S.B. 414), Acts of the 77th Legislature, Regular Session,
  2001, apply to requirements under this subchapter.
         SECTION 3.  This Act takes effect September 1, 2011.