Section 760IAC2-10-1. Licensing

   (a) No insurer shall allow any long term care product to be marketed, sold, or solicited, or otherwise allow the contact of any person for the purpose of marketing long term care insurance unless the insurance producer doing so has met all of the following criteria:

(1) The insurance producer has successfully passed eight (8) hours of approved continuing education courses in long term care and long term care insurance. An insurance producer who completes the eight (8) hours of continuing education required by this subsection during the first two (2) years of a four (4) year license shall also comply with subsection (b) during the second two (2) years of the license.

(2) The insurance producer has successfully completed five (5) hours of approved continuing education in long term care or long term care insurance every two (2) years for a total of ten (10) hours in every four (4) year license renewal period.

(3) Has completed and passed the continuing education courses set out in this rule prior to accepting applications from the insurance producer or paying the insurance producer commission for the sale of long term care coverage.

  (b) Continuing education courses completed under this section may be used to satisfy the continuing education requirements set forth in IC 27-1-15.7-2. (Department of Insurance; 760 IAC 2-10-1; filed Oct. 30, 1992, 12:00 p.m.: 16 IR 865; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; filed Oct 2, 2001, 4:50 p.m.: 25 IR 382; filed Oct 7, 2004, 1:00 p.m.: 28 IR 573; readopted filed Nov 24, 2010, 9:17 a.m.: 20101222-IR-760100633RFA)