On Oct. 31, 2024, PEN LEG reported governor signed bill SB 1241; became Act 142.
On Oct. 21, PEN LEG passed bill on pre-examination requirements.
PEN LEG passed bill SB 1241 on insurance licensing, pre-examination requirements.
Amends PEN INS 682-284 to include pre-examination requirements for licensing.
Bill Provisions
Amends Section 601-A to include pre-examination reference in definition of candidate.
Makes amendment to Section 602-A making it commissioner's duty to approve and administer overall administration of pre-examination program, courses of study.
Pre-examination education program to include no less than 3 credit hours on ethics.
Section 604-A on licensing prerequisites to require individuals applying for an insurance license to complete at least 24 hours of pre-examination education courses.
Also amends Section 606-A requiring completion of pre-examination for licensing.
Renewals under Section 608-A to require 3 hours of continued education on ethics.
Property, casualty license renewals to require 2 hours of courses on flood insurance.
Legislative History
On Jun. 5, 2024, bill introduced in Senate; on Jun. 25, 2024, bill passed in Senate.
On Jun. 26, 2024, bill introduced in House; on Oct. 8, 2024, bill passed in House.
On Oct. 21, 2024, bill was delivered to governor and is pending review and approval.
Effectiveness
If enacted, the act shall take effect 180 days after signature by governor.
Oct. 31, 2024 PEN LEG Governor Approval
On Oct. 31, 2024, PEN LEG reported governor signed bill SB 1241; became Act 142.
Regulators
PEN LEG
Entity Types
Ins
Reference
Act 142, 10/31/2024; Bill SB1241, 10/21/2024; Citation: PEN INS 682-284;
