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Volume 2, No. 7 - September 2013

Education Central

- Things to know about your continuing education

Obtaining a Reduction of Your CE Requirement

If you have 25 or more years experience as a licensed insurance representative and have met one of the following additional educational requirements, you may qualify for a reduction of hours in your CE requirement.

  • Obtained the Chartered Life Underwriter (CLU) designation; or
  • Obtained the Chartered Property and Casualty Underwriter (CPCU) designation; or
  • Obtained a Bachelors degree in Risk Management or Insurance.

You must apply and be approved to receive this reduction. To apply, completely fill out the Application for CLU/CPCU/College Degree & Experience Status form (DFS-H2-1109). Proof of obtaining a CLU, CPCU, or college degree in risk management insurance needs to be provided with your application in one of the following formats:

  • A legible copy of the certificate including date of conferment; or
  • Signed and dated letter from the issuing entity on its letterhead; or
  • Official copy of your college transcript.

Reductions are not applied retroactively. They will only be applied to current and future CE compliance cycles from the date of approval. Those who are approved for the 25-year reduction will only be required to complete ten hours of continuing education every two years.

The reduction reduces the amount of total hours due, but the adjustment is made in the optional or elective course requirement. It does not reduce the amount of hours due for specifically required courses, such as the 5-hour update course, three hours of senior suitability, three hours of ethics, or one hour of mitigation for applicable compliance cycles.

The following license types do not qualify for a 25-year reduction: Customer Representative, Limited Customer Representative, Title, Industrial Fire and Burglary, and Bail Bond. A licensee holding any of these license types would need to hold another license type that does qualify for a reduction to receive it.

Deja Vu? Catch a Duplicate CE Course Before It Catches You!

Taking a duplicate CE course could cost you time and money.

Current law prohibits a licensee from receiving duplicate credit for the same course within a three year period. This means the course will not be applied towards any of your CE requirements. If a duplicate course is not caught in time, it could result in you not completing your CE requirement on time. That could further result in possible fines, having to take additional courses, or even losing all of your appointments.

What is a duplicate course? A duplicate course is the same course taken through the same education provider and is recognized by having the same approved course ID#. Some courses are similar in nature; however, vary in material. For example: two senior suitability courses offered by different providers are not considered duplicate courses. Also, two similarly named courses offered by the same provider are not duplicate courses if they have different course ID#s.

To help prevent the detrimental consequences of taking a duplicate course, here are some suggested practices to assist you in catching a possible duplicate course before taking one:

  • Maintain a copy of your course completion certificates and review them to make certain you don't take a duplicate course.
  • Review your transcript in your MyProfile account each time before registering for a course.
  • Ask the education provider if their records show you as taking the course within the last three years.

Whenever in doubt, don't take the course. Search the Department's database for other courses that could meet your requirement. When a duplicate course is taken, a red error warning is printed below the course on your transcript in your MyProfile account. Additionally, we will email you to inform you that the credit could not be applied to your CE requirement since it was a duplicate course. Therefore, monitor your transcript regularly to make certain you didn't inadvertently complete a duplicate course.

Are You Compliant with Your CE or Not?

If you have ever felt confused about what it means to be continuing education (CE) compliant, you are not alone. That's why we are continuously finding and implementing ways to help you with this. To be CE compliant requires more than just taking CE courses. Below are a few often overlooked suggestions for remaining CE compliant.

  • CE requirements change. You should regularly review your CE status through your MyProfile account. Your total hours have specific allocation requirements that must be met. Be sure to take all the right categories of CE courses.
  • Check for late hours. Hours taken after your due date will still post on your compliance evaluation screen (however it will show it as late). Though your hours requirement may have been met, you're still delinquent for being late in completing your CE hours. You will then have the option of paying a $250 fine, in addition to completing any required hours within a specified time, to keep from losing your appointments.
  • Check past evaluation periods. Always check previous compliance periods to make sure you are not delinquent for a prior period. Be sure to click on VIEW ENFORCEMENT NOTICE just below the Not Compliant text to check for any outstanding fines.
  • Check your transcript. The same course cannot be taken with the same provider within a three-year period and receive credit. This will be noted on your transcript as a duplicate course. You will need to take a different course to meet your CE requirement.

We wish you success as you continue to complete your hours to remain knowledgeable in an ever-changing insurance market. And remember, your CE compliance date is your DUE date, not your DO date.

How to Search for Approved CE Courses

Looking for continuing education (CE) courses to be sure you get all your hours completed? Our online course search can easily help you by listing those courses approved by the Department.

  1. Go to our website at www.MyFloridaCFO.com/Division/Agents.
  2. Click on MyProfile on the left panel and log in to your account.
  3. Once in your MyProfile inbox, click on Locate at the top left. Then click on Future Course Offerings.
  4. Select the Course Authority for the type of license held or course you need to take.
  5. You can also make other choices, like Study Method and Location, to narrow your search results.
  6. If you click on Perform an Advanced Search, you will have additional options to narrow your search results, such as Course Date and Course Level.

Because many factors may affect your continuing education requirement (e.g. licenses held, number of years licensed, etc.), we encourage you to periodically check your MyProfile account to determine your individual continuing education compliance requirements and status. You will also be able to find more approved CE courses after logging in to your MyProfile account versus the public search option, which limits the results to the first 100 course offerings.

Providers: Reminder Our Website Address Has Changed

The Division of Agent and Agency Services' redesigned website went live on August 1, 2012. We continue to receive traffic to the old site. We've identified that much of this traffic comes from links on education providers' websites. Currently, customers who attempt to access the old website's homepage are automatically redirected to the new website. The redirect on the old site to the new site will be removed very soon. Please be sure to update any links you have to our website on your website or your materials to go to www.MyFloridaCFO.com/Division/Agents. This will help prevent confusion when we take down the old site.