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The Success Family of CE Companies provides this information as a courtesy to individuals who are subject to insurance continuing education requirements.  Due to regulatory requirements we suggest that you contact your state department of insurance to insure that no regulatory changes have been enacted.  Although ongoing efforts have been made to qualify that the information provided here is accurate and current, neither The Success Family of CE Companies nor its employees warrant or represent that this information is accurate and current. All information is subject to change without notice.


Iowa Insurance CE Requirements


License Status


Insurance Continuing Education Hours Required

  • 36 hours of CE, including 3 hours of ethics, are required every 3 years.

  • Effective June 9, 2021, all Iowa resident insurance producers will be able to meet their continuing education (CE) requirement through classroom, classroom equivalent, or self-study method courses. Producers must still complete 36 total credits including 3 of those credits on the topic of ethics. 
Source of Info

New Requirement to Sell Annuities in Iowa


Effective January 1, 2021:
    • - Licensees who have already completed a 4-hour annuity course prior to 1/01/2021 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course.
    • - Licensees who have not completed a 4-hour annuity course must take the annuity best interest course prior to selling annuities.
    Licensees can take the one hour course before the effective date of this regulation or up to 6 months after the effective date.

    Producers do not need to submit information to the Department of Insurance, but should retain all course completion certificates so they can provide verification to their insurers.

    Source: https://iid.iowa.gov/press-releases/iowa-insurance-division-adopts-final-%E2%80%98best-interest%E2%80%99-rule


Click here to view your state Annuity CE requirement (Hover on your State)


Iowa Annuity Requirement:

On May 11, 2020, the Iowa Insurance Division (IID) adopted and filed regulations to require annuity producers to act in the best interest of their consumers. These standards ensure consumer’s interests are put first. The regulations follow efforts by the National Association of Insurance Commissioners (NAIC) to develop a Suitability in Annuity Transactions Model Regulation that is consistent with rulemaking by the U.S. Securities and Exchange Commission (SEC). The regulations are effective January 1, 2021.

As part of the new regulations, IAC 191-15.76 requires producers to complete a one-time training course designed to educate producers on, among other items, the primary uses of annuities, appropriate sales practices, and replacement and disclosure requirements. The IID has received multiple inquiries about the training given the January 1, 2021 effective date. Producers and carriers want to have the course completed prior to the regulation’s effective date. In the past, however, carriers have relied on the effective date of regulation to determine whether an appointed producer has met training requirements for sale of certain insurance products. For example, a carrier may review a producer’s continuing education transcripts and, if a training course was taken prior to a change in Iowa statutes or regulations, the carrier may determine the producer has not met the ‘new’ training requirement and would need to do so before the carrier will appoint the producer to sell its products.

This bulletin is being issued to provide notice to carriers, producers and other interested stakeholders that an annuity continuing education course that has been approved by the commissioner on or after October 1, 2020 and has a course category of ‘annuity products-best interest’ meets requirements of IAC 191-15.76. The transcripts of producers who take and pass such a course on or after October 1, 2020 will reflect that the course was an ‘annuity products-best interest’ course and carriers may rely on this when making producer appointments.


Effective January 1, 2011 Iowa Administrative Rule 191-15.72 requires all Insurance Producers selling or soliciting Annuity Products in the State of Iowa to obtain four (4) continuing education credits by an APPROVED vendor offering an Annuity Suitability Model Training Course. This is a one-time requirement and is not a condition of license renewal, unless selling Annuities.

This is a separate requirement other than the already existing rule 15.80  for  Indexed  Insurance products.

Click HERE to order "Iowa Annuity Suitability Model Training" course.

  • Iowa Indexed Insurance requirement:

Effective January 1, 2008 Iowa Administrative Rule 191-15.80 requires all Insurance Producers selling or soliciting Indexed Products in the State of Iowa to obtain four (4) continuing education credits by an APPROVED vendor offering an Fixed Indexed Product Course. This is a one-time requirement and is not a condition of license renewal, unless selling Indexed Annuities.

Click HERE to order "Fixed Indexed Product Training"

  • All Iowa licensed resident insurance producers who sell federal flood insurance policies shall be required to complete a one time 3 hour requirement on flood insurance.
  • Effective 1/1/2009:  A one-time course training course of at least 4 CE credits in subjects related to long-term care insurance must completed prior to selling any long-term care insurance thereafter, for producers wishing to continue to sell long-term care insurance, ongoing training of 3 CE credits in subjects related to long-term care insurance must be completed for each CE term.



State Specific Continuing Education Courses:

  • 3 hours must be ethics.

  • Initial 8-hour long term care training requirement: Before selling, soliciting or negotiating LTC insurance products in Iowa, a producer must be licensed with the 'Accident and Health or Sickness' line of authority; and have completed eight (8) hours of Iowa approved initial LTC training.

  • Ongoing 4-hour long term care training requirement: A 4-hour follow-up long term care training course must be completed during each two-year period following the two-year period in which the person completed the initial 8-hour long term care training requirement.


Renewal or Compliance Date for Licensees:

  • CE and license renewal must be completed prior to the expiration date on the license.   

      ***Notice from the Iowa Department of Insurance - Dated 12-8-2010:

            http://www.successce.com/NoticeFromIowaDOI12082010.pdf    


Types of Courses Accepted:

  • Independent self-study courses (18 credit hours of the total requirement may be met through self-study) and Classroom study.


Monitor Requirements

  • Self-study final exams MUST BE monitored by a licensed producer, education provider or disinterested 3rd party.
  • Due to COVID-19 the Disinterested third party monitor requirement is waived until 6/31/2021


Reporting to Your State
  • $1.00 per credit hour is required to report to your state.
          • State Insurance completions are reported 2 times every business day after receiving affidavit completed by you and your monitor.
        • If the course is completed and the affidavit is received after 2 PM PT, it will be reported the following business day.

          • CFP reports are sent on Friday at 2 PM PT to the CFP Board electronically.

          • You may also self-report your CFP completions to www.cfp.net


Continuing Education Carryover Hours & Course Repetition

  • No excess CE credit hours may be carried over to the next renewal period.
  • Courses may not be taken for credit more than once each term.


Exemptions:

  • A producer who is an attorney licensed to sell insurance. The producer/attorney must file a report showing proof of compliance with the continuing legal education requirement for the attorney's home state and pay the CE fee and the renewal fee. If the attorney does not have a CE requirement in their home state, they must comply with the Iowa insurance CE requirements.
  • A producer who is licensed for credit (18), crop (4), or surety (5). This producer need not report CE credits but must pay the appropriate fee to renew the license.
  • A nonresident producer who lives in a state where CE is required. These producers must file the renewal notice through the NIPR gateway.
  • A producer who successfully completes an examination for a line of authority which requires continuing education. This exemption is only for the CE term in which the examination was completed, prior to the first license renewal.



 Method to Certify Completion:

  • For Most States you will be able to print your certificate of completion online once you have completed your exam. 
  • We usually report to the State Department of Insurance or regulatory board by the next business day.
  • It may, however, take your State DOI or regulatory board up to 30 days to report your completion results on their systems.
  • As an added service, we can Rapidly Report all of your completed courses the same business day (per credit order) for only $25.


Nonresidents:


  • Initial LTC Requirement:  A non-resident producer must  complete eight (8) hours of Iowa approved NAIC Partnership OR complete an 8-hour NAIC LTC course from another state along that will fulfill Iowa requirements. 

  • On-going LTC Requirement: A 4-hour follow-up LTC course is required every 36 months by the end of each renewal period. 

 

Department of Insurance Contact Information:

         Iowa Insurance Division 

1963 Bell Avenue, Suite 100

Des Moines, Iowa 50315


            Contact # (515) 654-6600

            Producer Licensing # (515) 654-6565 

            Fax # (515) 654-6500

           State Website: http://www.iid.state.ia.us/

For a listing of the state Departments of Insurance websites provided by the NAIC (National Association of Insurance Commissioners), please go to:                 http://www.naic.org/state_web_map.htm

 

The Success Family of CE Companies provides this information as a courtesy to individuals who are subject to insurance continuing education requirements. Due to regulatory requirements we suggest that you contact your state department of insurance to insure that no regulatory changes have been enacted.  Although ongoing efforts have been made to qualify that the information provided here is accurate and current, neither The Success Family of CE Companies nor its employees warrant or represent that this information is accurate and current. All information is subject to change without notice.