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.

Virginia State Requirements

Continuing Education Hours

• Single License: 16 hours biennially
• More than one License: 24 hours biennially

Course Subject Requirements

• Must complete 2 hours of Virginia specific or federal insurance laws and regulations as part of the basic requirement.
• All Virginia licensed resident insurance agents who sell federal flood insurance policies shall be required to complete a one time 3 hour requirement on flood insurance.
• At least 8 hours must be relevant to each license type if 24 hours is required. All hours must be relevant to license type held if 16 credit hours are required.
• Life, Annuities, and Health is considered a single license for CE purposes.

Continuing Education Compliance Date

12/31 of even numbered years

Type of courses accepted for CE Credit

Independent self study courses, classroom study, or courses sponsored by an insurance company and/or agency in which only 75% of the CE requirement per reporting period may be earned.

Carryover Requirements

Excess credit hours may be carried over to the next reporting period, but hours must be reported in biennium in which course was taken.

Course Repetition

Courses (including courses approved to meet the law requirement) may not be taken more than once in each reporting period.

Final Exam

Final exams are required to be monitored by a supervisor, supervisor-authorized co-worker, or test administrator, or disinterested third party. (i.e. an individual not related to or able to benefit from, action of the agent).

Exemptions

• A resident or nonresident agent who is at least 65 and can demonstrate that he/she has held any combination of resident or nonresident Virginia licenses of equivalent type continuously for at least 20 years.
• A resident agent who is at least 65 and will have held a Virginia resident license continuously for at no fewer than 4 years by the end of the biennium and can furnish proof of having held equivalent license authority continuously in other states for an additional 16 years, for a total of 20 years of continuous licensing.
• An agent who is at least 65 by the end of the biennium and has held a resident Virginia license continuously for the past 4 years as well as holding the same license authority for twenty of the past thirty years in Virginia without interruption by license revocation or Commission termination.
• Individuals who hold a limited line license, such as credit life/health, travel accident and travel baggage insurance agents.
• Non resident agents if their state has CE requirements and has a reciprocal agreement with Virginia
• Individuals may request a waiver for good cause, submit to Thomson Prometric
• Individuals who are licensed less than one year at the time of the first CE compliance date are exempt for that first reporting period.

Method to Certify Completion

Your certificate will be emailed to you once we receive your monitor form and report you for the course. The course provider will submit credits earned to the CE administrator within one business day of course completion. The agent keeps copies of the certificates of completion in their files.

Nonresidents

Eligible for compliance based in reciprocity between the laws of Virginia and all other states. Compliance with home state requirement will be verified on the PDB. NR must submit CE filing fee to the CE administrator (Thomson Prometric) by Feb. 28 following the end of the compliance period.

For Additional Information please Contact:

Bureau of Insurance
Agent Licensing Section
P.O. Box 1157
Richmond, VA 23218

Phone: (804)371-9631
Fax: (804) 371-9349
OR

Thomson Prometric 1-800-482-2366
http://www.experioronline.com/

State Website: http://www.scc.virginia.gov/division/boi/

Course Format

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.

How to Redeem Vouchers 

Monitor Instructions - General

 IMPORTANT!!!

Your state requires that your exam(s) MUST be monitored.

The monitor must print, sign and complete the affidavit found by clicking Printable Monitor Form to indicate that the exam was taken without any outside help from any source. Please fax the completed monitor form to: (619) 421-8171 immediately after completing the exam. Your exam will not be completed, and no CE credit will be awarded or reported to your state, until the properly completed, signed monitor form has been received (along with any state reporting fees that may be due).

Optional PACE or CFP Credit

Many of our Insurance CE courses are also approved for CE credit for agents who hold professional designations such as CLU, ChFC, CFP. The type of CE credit and number of hours approved are listed above in the course description.