Effective January 1, 2011, the California Department of Insurance will be implementing several bill changes that apply to both resident and non-resident licensing.  The changes are:

  1. Individual and business entities that hold a fire and casualty broker-agent license will be required to hold an accident and health agent license to continue to transact disability insurance.
    1. Current licensees applying for the accident and health agent license will need to complete 20 hours of pre-licensing education covering accident and health as well as pass a qualifying exam.
    2. As current licensees, they will be waived from the fingerprinting and 12-hour ethics training requirement.
    3. For more information go to www.insurance.ca.gov/0200-industry/0050-renew-license/0200-requirements/accident-health/index.cfm

 

  1. In addition to the current combined property-casualty broker-agent license, the insurance department will also issue separate property broker-agent and casualty broker-agent licenses.
    1. Current fire and casualty broker-agent licensees will receive a license that says “property broker- agent and casualty broker-agent” when the license is renewed.
    2. Individuals who have been licensed less than four years will have their CE requirement reduced from 50 hours to 24 hours per two year license term.
    3. Individuals who have been licensed more than four years will still be required to complete 24 CE hours each license term.
    4. Current licensee’s renewal fee will continue to be $128.

New applicants applying for a “property broker-agent and casualty broker-agent” license on the same application will pay a $128 fee.

New applicants who apply only for a “property broker –agent’” or a “casualty broker-agent” license will pay $128.  When applying separately, the application fee will be $128 for each of these license types.

For further information, visit the website or call (800) 967-9331.

The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.

This information is brought to you by Supportive Insurance Services… Licensing Experts Saving You Time and Money!