Continuing Education for Insurance Agents
Insurance professionals must complete a minimum number of insurance continuing education hours every 1-2 years. Insurance agents must check with their state to see when they are due and how many hours are required. The requirement differs from state to state. The classes an agent must take also differ depending on the license(s) they hold. The most common licenses agents hold are health, life, and property and casualty. Each license allows a producer to sell a different line of insurance depending on their clients needs. Usually, for each license the producer must complete different continuing education requirements depending where they live and do business. Life and health is usually bundled, but property and casualty is selling to a completely different audience.
Insurance educational training is a great way for agents to keep current with industry trends and also learn about new and upcoming products. Many agents have been licensed for 10+ years now and of course rules and regulations have changed. An agent may be committing insurance fraud or a crime and not even know it! Continuing education requirements are meant to benefit the insurance agency, the insurance agent and of course the consumer. The agency knows the agent is being ethical when selling policies to clients. The agent is current with all laws and new products available to their client and the client knows they are getting the best product possible. It is a win/win situation for all parties involved.
Continuing education for insurance agents is very important because the state can revoke your license if you do not stay in compliance. Every agent should know exactly when their continuing education credits are due and how many hours they need to complete to avoid any fines. To find out how many credits you need and when they are due you should contact your state authority or an approved provider. An approved provider will be able to look up your information with the state and help you select online courses to take. Online continuing education is usually the fastest and easiest way to complete your insurance education, especially if you are nearing your compliance deadline. Just confirm with your state that online continuing education is an option. Some states require you complete your education in a classroom. The only real benefit of completing your education requirements in a classroom is there is no exam at the end of the class. The drawback is sitting in a classroom for up to 24 hours!