A producer has until 5:00 p.m. (Eastern Standard Time) on the last day of their birth month to cancel a line of authority.
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Once a producer is exempt due to age and years of service, they can add or delete lines of authority from their license at any time.
Producers who have reduced continuing education hours and add a new line of authority to their license will lose their continuing education reduction hours status and will have to complete the required 24 hours of continuing education by the end of their compliance period.
For example: A producer with reduced continuing education compliance who holds life and health with a December birth month of an even year and adds property and casualty to their existing license, that producer will lose their reduced continuing education hours compliance. See the below scenarios to show when CE hours would be required if adding a line of authority.
If the producer adds property and casualty, October 3 or after prior to their compliance period ending December 31 of the same even year, that producer will not be required to complete continuing education hours in the added lines of authority during their compliance period.
If the producer adds property and casualty on or before October 2 prior to their compliance period ending December 31 of the same even year, that producer will be required to complete continuing education in the added lines of authority for their compliance period.
No. The laws have been changed to remove a requirement for pre-licensing education. Hence, no CE credit will be awarded based on completing such a course for adding an additional line of authority.
If an additional line of authority is added within 90 days of the continuing education deadline, the producer is not required to complete the required 8 hours in the newly added line of authority.