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1. What happens if exempt producers add a line of authority to their producer license?

Effective January 1, 2010, South Carolina law allowing continuing education exemptions have been repealed. Consequently, an exempt producer adding a new line of authority will lose their exemption status; therefore, that producer will have to complete continuing education hours by the end of his/her compliance period. In addition, once a producer adds a line of authority the producer cannot request that the Department remove that line of authority to retain his/her exemption status.

However, if an exempt producer adds a line of authority within 90 days of their compliance period ending that producer will not have to complete continuing education hours in the new line of authority for that compliance period, but that producer will have to complete continuing education in the existing line of authority.

For example: An exempt producer 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 exemption status. The producer will have to complete 24 hours of continuing education in life and health line of authority, regardless of when the new lines are added.

If the producer adds property and casualty, October 3, 2014 prior to their compliance period ending December 31 of the same even year, that producer will not be required to complete continuing education in the new line of authority (property and casualty) during their compliance period.

If the producer adds property and casualty on or before October 2, 2014 prior to their compliance period ending December 31 of the same even year, that producer will be required to complete continuing education in the new line of authority (property and casualty) for their compliance period.

2. What happens if a producer with reduced Continuing Education compliance adds a new line of authority?

Effective January 1, 2010, South Carolina law allowing a reduction in continuing education hours has been repealed. Consequently, producers who have reduced continuing education hours who add a new line of authority to their producer 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. The producer will have to complete 24 hours of continuing education in life and health line of authority, regardless of when the new lines are added.

If the producer adds property and casualty, October 3, 2014 prior to their compliance period ending December 31 of the same even year, that producer will not be required to complete continuing education in the new line of authority (property and casualty) during their compliance period.

If the producer adds property and casualty on or before October 2, 2014 prior to their compliance period ending December 31 of the same even year, that producer will be required to complete continuing education in the new line of authority (property and casualty) for their compliance period.

3. Will I receive credit for adding a new line of authority during the compliance period?

No. The laws have been changed to remove a requirement for pre-licensing education. Hence, no continuing education (CE) credit will be awarded based on completing such a course for adding an additional line of authority.

4. When can a producer cancel a line of authority from his or her producer license?

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.

5. When is the cutoff date for adding a line of authority without having to complete the required 8 hours of continuing education for the new 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 8 hours in the newly added line of authority.