New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 4 - LICENSING OF INSURANCE PROFESSIONALS
Part 7 - CONTINUING EDUCATION REQUIREMENTS
Section 13.4.7.10 - COURSE CONTENT
Universal Citation: 13 NM Admin Code 13.4.7.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. Course length. Individual courses shall be a minimum of one credit hour in length.
B. Ethics. A single continuing education course may include both ethics and other insurance topics meeting the requirements of Subsection C of this section.
C. Insurance subjects.
(1) General instruction time
shall be designed to refresh the licensee's understanding of basic insurance
principles and coverages, applicable laws and regulations, and recent and
prospective changes to them.
(2)
Required hours for specialized training requirements must be completed prior to
transacting the type of insurance and may also be counted toward the 24 credit
hour general producer licensee requirement.
(a) Producers desiring to transact business
relating to stop loss insurance shall complete at least eight credit hours
relating specifically to stop loss insurance.
(b) Adjusters and producers desiring to
transact business relating to flood insurance shall complete at least four
credit hours relating specifically to flood insurance within one year of the
effective date of this rule.
(c)
Producers shall not transact business relating to long term care until they
have completed at least eight hours of continuing education relating
specifically to long term care, and shall complete at least four hours of
continuing education relating specifically to long term care during each
compliance period thereafter. The course must include topics relating to long
term care partnership for producers who wish to transact long term care
partnership business. Producers who transact long term care insurance as of the
effective date of this rule shall have one year following the effective date of
this rule to complete the eight-hour initial course requirement.
(3) Required training shall not
focus specifically on training that is insurer- or company-product specific and
may not include sales or marketing information.
D. Approved learning formats.
(1) A course may utilize any combination of
classroom instruction, lectures, seminars, panel discussions,
question-and-answer periods, correspondence courses, online web-based courses
and recorded presentations, as long as the provider can assure that a licensee
has completed the course.
(2) A
minimum of three hours of continuing education course hours for each compliance
period must be earned through participation in a formal classroom or in another
learning format that permits the student to interact with a live instructor.
Licensees are responsible for tracking this requirement and are subject to
audit by the superintendent.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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