Under Louisiana law (La. R.S. 22:1575) an individual producer may not sell, solicit or negotiate long-term care insurance unless the individual has complied with the long-term care training requirements. This requirement is separate and distinct from the continuing education requirements for a licensee. Show
In addition to the eight-hour initial training, an individual engaged in the sale, solicitation or negotiation of long-term care insurance must complete no less than four hours of training every two years (every renewal period) in order to continue to engage in that business. It is the responsibility of the appointing insurer to track and confirm compliance with this requirement by their producers. The training courses may be submitted to the Louisiana Department of Insurance by the provider to receive continuing education credits. This credit will be awarded for the appropriate license types. If the courses are approved for continuing education credit, the licensee may apply that credit toward the continuing education requirements for the license types for which the course is approved. The licensee should confirm with the provider of the training that the course is approved for continuing education credit in Louisiana. 60K.365 PRODUCER TRAINING REQUIREMENTS FOR LONG-TERM CARE INSURANCE PRODUCTS.(a) 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 or sickness insurance or life insurance and has completed an initial training course and ongoing training every 24 months thereafter. The training must meet the requirements of paragraph (b). (b) The initial training course required by this section must be no less than eight hours, and the ongoing training courses required by this section must be no less than four hours every 24 months. The courses must be approved by the commissioner and may be approved as continuing education courses under section 60K.56. The courses must consist of topics related to long-term care insurance, long-term care services, and qualified state long-term care insurance partnership programs, including, but not limited to: (1) 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/Minnesota medical assistance; (2) available long-term care services and providers; (3) changes or improvements in long-term care services or providers; (4) alternatives to the purchase of private long-term care insurance; (5) the effect of inflation on benefits and the importance of inflation protection; and (6) consumer suitability standards and guidelines. The training required by this section must 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) Insurers shall obtain verification that a producer has received the training required by this section before a producer is permitted to sell, solicit, or negotiate the insurer's long-term care insurance products. Insurers shall maintain records verifying that the producer has received the training contained in this section and make that verification available to the commissioner upon request. (d) The satisfaction of these initial training requirements in any state shall be deemed to satisfy the initial training requirements of this section. (e) Nonresident producers selling partnership policies shall be expected to demonstrate knowledge about unique aspects of the Minnesota medical assistance system. An insurer offering partnership products in Minnesota shall maintain records verifying that its nonresident producers have attained the required training and make that verification available to the commissioner upon request. Consumer InformationCompanies Licensed to Sell Long-Term Care Insurance and Actively Marketing in South Dakota Long-Term Care Partnership
Purchasing Long-Term Care Insurance
Producer InformationPursuant to Administrative Rule of South Dakota (ARSD) 20:06:21:74, an individual may not sell, solicit, or negotiate long-term care insurance unless the individual is licensed as an insurance producer for health or life. The licensed producer must have completed eight hours of training prior to selling, soliciting, or negotiating long-term care insurance. In addition, each licensed producer must complete four hours of training by July 1 of every second year following 2008 (even numbered years). The training required 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, including:
Approved Training Courses and Offerings Long-Term Care Frequently Asked Questions for Agents Long-Term Care Presentation (Adobe PDF format) Administrative Rules of South Dakota regarding Long-Term Care Insurance SD Medicaid State Specific Training Only SD Medicaid Guide Designed for Agent Training Unable to find the answers to your long-term care questions? Contact the Division of Insurance for assistance. Contact the Division of Insurance What are the factors taken into consideration in insurance?The various factors that are taken into consideration include risk profile, life expectancy, proneness to disease, injury or accidents, etc. In case of discovery of a very low insurability, the application is said to uninsurable.
What is a valid Tennessee regulation for referral fees?Tennessee Real Estate License Law prohibits a licensee from paying a referral fee to a non-licensee. Consumers sometimes request a fee for referring a prospect to a licensee or for finding available property. Such requests are commonly referred to as birddog fees or finders fees, and these fees are illegal.
Which of the following is the purpose of the Tennessee Guaranty Association?The purpose of this association is to provide a safety-net of coverage , within limits, in the unlikely event that a member insurer becomes financially unable to meet its obligations.
What must be on the first page of each long term policy delivered in Washington?(8) Each long-term care policy delivered or issued for delivery to any person in this state must clearly indicate on its first page that it is a "long-term care insurance" policy.
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Which of the following is NOT a requirement to sell, solicit, or negotiate Long-term Care insurance
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