Rule 120-2-3-.19 - Exemptions or Reductions in Requirements for Continuing Education(1) On approval of the Commissioner, licensees with professional designations in insurance may receive a reduction or exemption from continuing education requirements provided: (a) The organization sponsoring or granting the professional designation requests such exemption in writing setting forth the continuing education requirements for such designation;(b) The holder of such designation provides proof of exemption with the Commissioner on or before the date required for filing continuing education credits;(c) Such exemption or reduction shall only be to the extent of contact hours of continuing education received; and(d) Exemption or reduction claimed under this Section may be subject to verification by the Commissioner.(2) Any organization requesting an exemption under Subparagraph (1)(a) of this section must notify the Commissioner in writing within thirty (30) days of any change in its continuing education requirements.(3) Upon filing the required form on or before the date required for filing continuing education credits with the Commissioner, and at the discretion of the Commissioner, any licensee may receive a reduction or exemption in continuing education hours required to the extent of the time spent on insurance related activities during the previous year. Such activity shall include, but not be limited to, the following related or occupational duties: (a) Teaching courses in insurance related topics; or(b) Insurance related legislative activities; or(c) Journalism activities involving insurance related topics; or(d) Projects involving research of insurance laws and regulations; or(e) Active participation in professional insurance associations. Active members are eligible for a maximum of 3 hours subject to verification from association.(4) Licensees with the professional designation of CPCU, CLU, Fellow Life Management Institute (FLMI), CIC, Certified Employee Benefit Specialist (CEBS), Chartered Financial Consultant (ChFC), Accredited Advisor in Insurance (AAI), Certified Financial Planner (CFP), CRM, CISR or a major BBA in Risk Management and Insurance from an accredited college will receive a reduction of continuing education hours required. To claim this reduction in continuing education hours, the licensee must attach documentation of achieving such designation. Licensees with these designations are required to complete twelve (12) hours of continuing education with a minimum of three (3) hours to be completed in Ethics each renewal period. Hours must be completed by the dates specified in Rule 120-2-3-.16.(5) Licensees with the professional designation of Universal Claims Certification (UCC) will be exempt from all continuing education required of adjusters.(6) Licensees with a non-resident license who are required to meet continuing education in their state of residence will be considered in compliance with the continuing education requirements under this chapter, provided the non-resident licensee's home state reciprocates with Georgia licensees in the same manner.(7) Agents holding a nonactive license as provided in O.C.G.A. §§ 33-23-4(f) and 33-23-18(e) are exempt from Continuing Education requirements provided: (a) The holder of such license files for renewal on or before the date required.(b) Such exemption shall only be valid during the period the license is nonactive.Ga. Comp. R. & Regs. R. 120-2-3-.19
O.C.G.A. §§ 33-2-9, 33-23-4, 33-23-6, 33-23-16, 33-23-18, 33-23-44.
Original Rule entitled "Exemptions or Reductions in Requirements for Continuing Education" adopted. F. Sept. 10, 1992; eff. Sept. 30, 1992.Amended: F. Aug. 9, 1996; eff. Aug. 29, 1996.Repealed: New Rule of same title adopted. F. Jan. 15, 2003; eff. Feb. 4, 2003.Amended: F. July 16, 2009; eff. August 5, 2009.Repealed: New Emergency Rule adopted. F. Jun. 28, 2012; eff. Jun. 28, 2012, as specified by the agency.Repealed: New Rule of same title adopted. F. Sept. 10, 2012; eff. Sept. 30, 2012.Amended: F. Apr. 16, 2014; eff. May 6, 2014.Amended: F. Aug. 8, 2018; eff. Aug. 28, 2018.Amended: F. Sept. 20, 2023; eff. Aug. 1, 2023, as specified by the Agency.