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Principal Brokers and Deputy Principals: are required to complete a minimum of ten (10) hours, every year (October 1 through September 30). At least five (5) of the required hours MUST be obtained in the Management category. The remaining hours may be in Management or Technical category. There is a carryover of a maximum of ten (10) hours (or one term’s requirements) allowed for the next term.
All Other Licensed Individuals: are required to complete eight (8) hours of continuing education credits in the period from October 1 through September 30 each year. There is a carryover of a maximum of eight (8) hours (or one term’s requirements) allowed for the next term.
Newly Licensed Individuals: are required to complete the eight (8) hours yearly beginning the first October following registration e.g. Broker A was registered on November 1, 2004 and Broker B was registered on April 30, 2005. Both Broker A and Broker B will not be required to have accumulated any continuing education credits by September 30, 2005, but must begin taking the continuing education seminars/courses on October 1, 2005.
Category Definitions:
| Management: |
The content of the course will include subjects related to the RIB Act and Regulations, human resources, general management, accounting, computerization, and generally will include topics relevant to the operation of an insurance brokerage. |
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| Technical: |
The content of the course will include subjects directed towards imparting of general insurance product knowledge and/or technical insurance expertise. |
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| Personal Skills: |
(Not eligible for Principal Brokers or Deputy Principal Brokers.) The content of the course/seminar will include subjects related to the skills required to function efficiently in an insurance brokerage office, as a customer service representative or as a producer. Subjects would include, but not be limited to, sales/marketing skills, and communication/writing skills. |
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