Illinois Administrative Code
Title 50 - INSURANCE
Part 2012 - LONG-TERM CARE INSURANCE
Section 2012.121 - Producer Training Requirements
Universal Citation: 50 IL Admin Code ยง 2012.121
Current through Register Vol. 48, No. 12, March 22, 2024
a) Long-Term Care Training Required
1) An individual may not sell, solicit or
negotiate long-term care insurance unless the individual is licensed as an
insurance producer for accident and health and has completed a one-time
training course. The training shall meet the requirements set forth in
subsection (b).
2) An individual
already licensed and selling, soliciting or negotiating long-term care
insurance on July 1, 2008 may not continue to sell, solicit or negotiate long
term care insurance unless the individual has completed a one-time training
course, as set forth in subsection (b), by July 1, 2009.
3) In addition to the one-time training
course required in subsection (a)(1) and (2), an individual who sells, solicits
or negotiates long-term care insurance shall complete ongoing training as set
forth in subsection (b).
4) The
training requirements of subsection (b) may be approved as continuing education
courses under Section 500-35(b)(1) of the Code.
b) Minimum Education and Training Requirements
1) The one-time training
required by this Section shall be no less than 8 hours. The ongoing training
required by this Section shall be no less than 4 hours and must be completed
before each subsequent license renewal. A producer who fails to complete the 4
hours ongoing training prior to license renewal will have 12 months from that
renewal date to complete the ongoing training without having to complete the 8
hour course again.
2) The training
required under subsection (b)(1) shall consist of topics related to long-term
care insurance, long-term care services and, if applicable, qualified state
long-term care insurance Partnership programs as prescribed in
42 USC
1396 p, including, but not limited to:
A) State and federal regulations and
requirements and the relationship between qualified state long-term care
insurance Partnership programs and other public and private coverage of
long-term care services, including Medicaid;
B) Available long-term care services and
providers;
C) Changes or
improvements in long-term care services or providers;
D) Alternatives to the purchase of private
long-term care insurance;
E) The
effect of inflation on benefits and the importance of inflation protection;
and
F) Consumer suitability
standards and guidelines.
3) The training required by this Section
shall not include training that is insurer or company product specific or that
includes any sales or marketing information, materials, or training, other than
those required by State or federal law.
c) Verification of Training
1) Insurers subject to this Part shall obtain
verification that a producer receives training required by subsection (a)
before a producer is permitted to sell, solicit or negotiate the insurer's
long-term care insurance products, maintain records subject to the state's
record retention requirements, and make that verification available to the
Director upon request.
2) Insurers
subject to this Part shall maintain records with respect to the training of
their producers concerning the distribution of their Partnership policies that
will allow the state insurance department to provide assurance to the state
Medicaid agency that producers have received the training contained in
subsection (b)(2)(A) as required by subsection (a) and that producers have
demonstrated an understanding of the Partnership policies and their
relationship to public and private coverage of long-term care, including
Medicaid, in this State. These records shall be maintained in accordance with
the state's record retention requirements and shall be made available to the
Director upon request.
d) The satisfaction of these training requirements in any state shall be deemed to satisfy the training requirements in this State.
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