Florida Senate - 2015 COMMITTEE AMENDMENT
Bill No. SB 1222
Ì829050|Î829050
LEGISLATIVE ACTION
Senate . House
Comm: RCS .
03/17/2015 .
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The Committee on Banking and Insurance (Richter) recommended the
following:
1 Senate Amendment
2
3 Delete lines 433 - 520
4 and insert:
5 except for a chartered life underwriter (CLU), may not shall be
6 qualified or licensed unless, within the 4 years immediately
7 preceding the date the application for a license is filed with
8 the department, the applicant he or she has:
9 (1) Successfully completed 40 hours of coursework approved
10 by the department classroom courses in life insurance,
11 annuities, and variable contracts. Such coursework, 3 hours of
12 which shall be on the subject matter of ethics, satisfactory to
13 the department at a school or college, or extension division
14 thereof, or other authorized course of study, approved by the
15 department. Courses must have included include instruction on
16 the subject matter of unauthorized entities engaging in the
17 business of insurance and 3 hours on the subject matter of
18 ethics, to include the Florida Nonprofit Multiple-Employer
19 Welfare Arrangement Act and the Employee Retirement Income
20 Security Act, 29 U.S.C. ss. 1001 et seq., as it relates to the
21 provision of life insurance by employers to their employees and
22 the regulation thereof;
23 (2) Successfully completed at least 60 hours of coursework
24 approved by the department in multiple areas of insurance,
25 including life insurance, annuities, and variable contracts.
26 Such coursework must have included instruction on the subject
27 matter of unauthorized entities engaging in the business of
28 insurance and 3 hours on the subject matter of ethics;
29 (3) Earned or maintained an active designation as a
30 Chartered Financial Consultant (ChFC) from the American College
31 of Financial Services or a Fellow, Life Management Institute
32 (FLMI) from the Life Management Institute a correspondence
33 course in insurance, 3 hours of which shall be on the subject
34 matter of ethics, satisfactory to the department and regularly
35 offered by accredited institutions of higher learning in this
36 state or by independent programs of study, approved by the
37 department. Courses must include instruction on the subject
38 matter of unauthorized entities engaging in the business of
39 insurance, to include the Florida Nonprofit Multiple-Employer
40 Welfare Arrangement Act and the Employee Retirement Income
41 Security Act, 29 U.S.C. ss. 1001 et seq., as it relates to the
42 provision of life insurance by employers to their employees and
43 the regulation thereof;
44 (4)(3) Held an active license in life, or life and health,
45 insurance in another state. This provision may not be used
46 utilized unless the other state grants reciprocal treatment to
47 licensees formerly licensed in Florida; or
48 (5)(4) Been employed by the department or office for at
49 least 1 year, full time in life or life and health insurance
50 regulatory matters and who was not terminated for cause, and
51 application for examination is made within 4 years 90 days after
52 the date of termination of his or her employment with the
53 department or office.
54 Section 11. Section 626.8311, Florida Statutes, is amended
55 to read:
56 626.8311 Requirement as to knowledge, experience, or
57 instruction.—An No applicant for a license as a health agent,
58 except for a chartered life underwriter (CLU), may not shall be
59 qualified or licensed unless, within the 4 years immediately
60 preceding the date the application for license is filed with the
61 department, the applicant he or she has:
62 (1) Successfully completed 40 hours of coursework approved
63 by the department classroom courses in health insurance, 3 hours
64 of which must have been shall be on the subject matter of
65 ethics, satisfactory to the department at a school or college,
66 or extension division thereof, or other authorized course of
67 study, approved by the department. Such coursework Courses must
68 have included include instruction on the subject matter of
69 unauthorized entities engaging in the business of insurance, to
70 include the Florida Nonprofit Multiple-Employer Welfare
71 Arrangement Act and the Employee Retirement Income Security Act,
72 29 U.S.C. ss. 1001 et seq., as it relates to the provision of
73 health insurance by employers to their employees and the
74 regulation thereof;
75 (2) Successfully completed at least 60 hours of coursework
76 approved by the department in multiple areas of insurance,
77 including health insurance. Such coursework must have included
78 instruction on the subject matter of unauthorized entities
79 engaging in the business of insurance and 3 hours on the subject
80 matter of ethics;
81 (3) Earned or maintained an active designation as a
82 Registered Health Underwriter (RHU), Chartered Healthcare
83 Consultant (ChHC), or Registered Employee Benefits Consultant
84 (REBC) from the American College of Financial Services; a
85 Certified Employee Benefit Specialist (CEBS) from the Wharton
86 School of the University of Pennsylvania; or a Health Insurance
87 Associate (HIA) from America’s Health Insurance Plans; a
88 correspondence course in insurance, 3 hours of which shall be on
89 the subject matter of ethics, satisfactory to the department and
90 regularly offered by accredited institutions of higher learning
91 in this state or by independent programs of study, approved by
92 the department. Courses must include instruction on the subject
93 matter of unauthorized entities engaging in the business of
94 insurance, to include the Florida Nonprofit Multiple-Employer
95 Welfare Arrangement Act and the Employee Retirement Income
96 Security Act, 29 U.S.C. ss. 1001 et seq., as it relates to the
97 provision of health insurance by employers to their employees
98 and the regulation thereof;
99 (4)(3) Held an active license in health, or life and
100 health, insurance in another state. This provision may not be
101 utilized unless the other state grants reciprocal treatment to
102 licensees formerly licensed in Florida; or
103 (5)(4) Been employed by the department or office for at
104 least