Entries for January, 2011

January 31, 2011

Monday, January 31st, 2011

Oregon:

The Oregon Insurance Division has contracted with a new exam vendor to administer the licensing exams that are given to resident applicants. The licensing exam contract was awarded through the competitive bid process, and PSI Services, LLC (PSI) was awarded the contract. Moving to a new license exam vendor necessitated the Insurance Division to create a new set of license exams. These exams were developed and evaluated over the course of several days by the subject matter experts in the Insurance Division, PSI, and various industry professionals to ensure that the exams are appropriate for use in Oregon. Register by going online at psiexams.com or by calling 800-733-9627 to schedule an appointment for the license examination.

Hawaii:

The Hawaii Insurance Department in conjunction with Pearson VUE, their licensing examination vendor, has announced changes to the insurance pre-licensing education curriculum outlines. The announced revisions will be reflected on licensing examinations offered on and after February 15, 2011. This outline reflects the new National exams that will go into effect for Hawaii on the same date. Individuals preparing for an insurance licensing exam that will be administered on or after the announced implementation date are urged to ensure that their study materials reflect the most recent curriculum revisions. The new Licensing Information Bulletins will be available from Pearson VUE online at www.pearsonvue.com.

District of Columbia:

Effective June 24, 2011, an insurance producer who engages in the sale of annuity products shall complete a one-time four (4) credit training course approved by the department of insurance and provided by the department of insurance-approved education provider. Producers holding a license in DC prior to 6/24/11 will have six (6) months to complete the CE training. If a producer is licensed on or after 6/24/11, product specific training must be completed before a sale is made.

Virginia:

Pearson VUE announced that the new insurance licensing general product knowledge tests will now not become effective in Virginia until 4/1/2011 (previously, it was announced they would be effective 3/1/2011).  Please continue to refer to the content outline posted to the Pearson VUE website which remains effective until April 1st.

Rhode Island:

Effective June 1, 2011, an insurance producer who engages in the sale of annuity products shall complete a one-time four (4) credit training course approved by the department of insurance and provided by the department of insurance-approved education provider. Producers who is life licensed on 06/01/2011 and selling annuity products must complete the required training by 12/01/2011. Producers who obtain a life insurance license on or after 06/01/2011 must complete the training before selling annuities products.

Idaho:

Pearson VUE, in cooperation with the Idaho Insurance Department, has announced changes to the insurance pre-licensing education curriculum outlines. The announced revisions will be reflected on licensing examinations offered on and after February 1, 2011. This outline reflects the new National exams that will go into effect for Idaho on the same date. Individuals preparing for an insurance licensing exam that will be administered on or after the announced implementation date are urged to ensure that their study materials reflect the most recent curriculum revisions. The new Licensing Information Bulletins will be available from Pearson VUE online at www.pearsonvue.com.