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A BILL TO BE ENTITLED
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AN ACT
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relating to certain continuing education requirements for agents |
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who sell Medicare-related products and annuities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 4004.155, Insurance Code, as added by |
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Chapter 326 (H.B. 739), Acts of the 81st Legislature, Regular |
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Session, 2009, is amended to read as follows: |
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Sec. 4004.155. [NONAPPLICATION OF] CERTAIN EXEMPTIONS |
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APPLICABLE. The continuing education exemptions for certain agents |
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established under Section 4004.052(b) and Section 9.02(e), Chapter |
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703 (S.B. 414), Acts of the 77th Legislature, Regular Session, |
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2001, [do not] apply to requirements under this subchapter. |
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SECTION 2. Section 4004.202, Insurance Code, is amended by |
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amending Subsection (b) and adding Subsection (d) to read as |
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follows: |
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(b) Each agent described by Subsection (a) must complete |
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four hours of continuing education [annually] that specifically |
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relates to annuities during the agent's two-year licensing |
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period. [The annual period under this section must be based on the
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agent's license expiration date or another date specified by the
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commissioner by rule, and the education requirement under this
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subsection must be met within that annual period, notwithstanding
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Section 4004.051(b).] |
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(d) The continuing education exemptions for certain agents |
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established under Section 4004.052(b) and Section 9.02(e), Chapter |
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703 (S.B. 414), Acts of the 77th Legislature, Regular Session, |
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2001, apply to requirements under this subchapter. |
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SECTION 3. This Act takes effect September 1, 2011. |