4-Hour NAIC Long-Term Care and Partnership

THIS COURSE MUST ONLY BE TAKEN IF YOU HAVE ALREADY TAKEN THE 8-HOUR NAIC LTC COURSE DURING A PRIOR LICENSE PERIOD!

The Deficit Reduction Act made it possible for all states who wish to to offer Partnership for Long-term Care policies. The NAIC model law and regulation specify that agents must meet certain continuation requirements in order to sell this product. In most states, agents will be required to take an 8-hour course in order to transact any type of LTC/Partnership LTC insurance policies. Agents must then take a 4-hour CE course each license period.

This course will satisfy the requirement for ongoing CE required by your state to continue to sell LTC/Partnership insurance. If you have a group of agents to train, please contact us regarding group discounts or in-house training.

For the most up to date information about Long Term Care & Partnership in your state click here.

Oregon State Requirements

Updated: 3/8/2012

Continuing Education Hours

• All producers must complete 24 hours including 3 hours of ethics and 3 hours of Oregon law.
• Individuals who hold a CLU or CPCU designation must complete 24 hours biennially.
• Individuals who were exempt from the license exam due to having sufficient work experience or completing course work to obtain an industry-recognized designation may count the experience or course work as equivalent to having held the agent license for three years, and will have their CE requirement altered accordingly (contact the insurance department for details).
• Individuals who were previously licensed as an agent in Oregon or in another state will have an altered CE requirement, based on the number of years previously licensed (contact the insurance department for details).

Course Subject Requirements

• Courses must be approved for the lines of insurance for which the agent is licensed.
• Agent must complete three hours of Oregon law and two hours of ethics as part of the basic requirement.

• Agents wishing to sell LTC must also complete a 8-hourLTC requirement prior to selling LTC products. The LTC requirement counts towards the completion of the basic CE requirement. By the end of each consecutive renewal period, agents must complete a 4-hour "refresher" state-approved LTC course to continue selling LTC.

• Agents wishing to sell flood insurance must also complete a one-time, 3 hour flood course approved for National Flood Insurance Program (NFIP) training.

Continuing Education Compliance Date

The compliance date is the license renewal date.

License Renewal Date

The license renewal date is the last day of the producer's birth month, biennially.

Types of courses accepted for CE Credit

Independent self-study courses and classroom study.

Final Exam

• Online Interactive self study courses DO NOT require a monitor.
• Paper-based courses and course exams MUST be monitored by a state-registered proctor OR a third party who is a librarian, clergyman, state or community college representative, certified public accountant (CPA) or attorney.

Carryover Requirements

No excess CE credit hours may be carried over to the next reporting period.

Course Repetition

Courses may not be taken for credit more than once in a renewal period.

Exemptions

• Non-residents are exempt.
• Individuals holding limited lines licenses for which an exam is not required.
• Individuals who are retired, at least 58 years of age, have been licensed for at least 10 years, authorized to transact life insurance only and will be servicing existing policies only. This exemption requires department approval.

Method to Certify Completion

You will be able to print your certificate of completion online once you have completed your exam. Renewal form and copies of certificates of completion must be submitted to insurance department by compliance deadline. Producer keeps original certificates of completion in files for three years.

Nonresidents

Exempt

For Additional Information please Contact:

Oregon Department of Consumer and Business Services
Insurance Division
350 Winter St. NE, Room 440
Salem, OR 97301-3883

Mailing Address: 

P.O. Box 14480
Salem, OR 97309-0405

PHONE: (503) 947-7981 or (503) 947-7248
FAX: (503) 378-4351

State Website: http://www.oregoninsurance.org/

Course Format

System Requirements: Please note that Internet explorer 8 or higher: Download here
Or Mozilla Firefox 3.5 or higher: Download here are required to view our website when you wish to access the learning center.

This course is taken online in a slideshow format. Throughout the course lessons there will be questions and interactions for you to assist you in the learning process. These interactions may be multiple choice questions, matching terms, sequencing terms, etc.

After all of the lessons are completed, you can proceed to the final exam.

If your state requires monitored exams, you must have your monitor sign-in and follow the monitor instructions BEFORE you begin the exam. See the State Information tab, Monitor tab, and Help Center for more information.

This course is available to the student for one calendar year from the time of purchase.

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