Credit=General (producer or adjuster)

Prod – 36 O.S. § 1435.29 & 365:25-3-1-(f)(7)
Adj – 36 O.S. § 6217 & 365:25-3-14-(f)(8)

Material should contain educational information relevant to P/C producers and/or adjusters.  Material must be recent and cite sources for all statistics, quotes, and charts.

Shall not include the following subjects: motivation, psychology, recruiting, subjects not relating to the insurance license, and any insurance company specific sales techniques or prospecting.

Credit=Ethics

Prod – 36 O.S. § 1435.29
Adj – 36 O.S. § 6217

Material should contain educational information relevant to producers and/or adjusters.  Focus on the subject of Ethics.  Avoid controversial or offensive material and cite sources for all statistics, quotes, and charts.

Credit = Legislative Update

Prod – 365:25-3-1(d)(4)(A) (B)
Adj- 365:25-3-14(d)(4) (A) (B)

Legislation Updates

Material should contain educational information relevant to producers and/or adjusters.   Be applicable to the state of Oklahoma and address current state or federal legislative changes which occurred during the current and/or prior year.

Statutes and Oklahoma Administrative Codes (OAC) along with effective dates must be cited for each state subject.  Webpage URLs and effective dates will need to be cited for federal changes.

The OID publishes a comprehensive presentation on recent legislation each year on our webpage .  The material is available to the public and may be helpful in developing a course; however, the provider will need to cite the Oklahoma Insurance Department and our webpage as a source if the material is used to create there own LU course.

Credit=LTCP/General

Prod- 365:25-3-1.4
LTCP

Producers selling, soliciting or negotiating Long Term Care insurance must complete a one -time, eight (8) hour training  course prior to offering this type of product.   In addition, a four (4) hour ongoing training course must be completed every renewal cycle.  Cite sources for all statistics, quotes, and charts.

The training shall include topics related to long term care, long term care services, and qualified state long term care insurance parnership program.

Topics shall include, but are not limited to:

1. The Need for Long-Term Care
2. Long-Term Care Services and Providers
3. Long-Term Care Insurance
4. Long-Term Care Insurance Policy Design and Options
5. Long-Term Care Partnership
6. Qualified Long-Term Care Partnership Policies
7. Medicaid Benefits for LTC
8. Other LTC financing options
9. Ethical Considerations in the Sale of Long-Term Care Insurance
10. Suitability

Credit = Annuity Best Interest/General

Prod – 365:25-17-7.1

Producers who hold a life insurance line of authority, who were not engaged in the sale of annuities prior to September 1, 2023, and who desire to start selling annuities must complete an approved four (4) hour annuity training course within six (6) months after September 1, 2023 (no later than February 29, 2024). Producers who obtain a life insurance line of authority on or after September 1, 2023, shall not engage in any annuity sales until they successfully complete an approved four (4) hour annuity training course.

Topics must include, but are not limited to (Annuity Best Interest 4 Hours):

1. The types of annuities and various classifications of annuities
2. Identification of the parties to an annuity
3. How product specific annuity contract features affect consumers
4. The application of income taxation of qualified and non-qualified annuities
5. The primary uses of annuities
6. Appropriate standard of conduct and sales practices
7. Replacement and disclosure requirements

Producers who have completed the Department’s previous “Annuity” training course prior to November 1, 2023, must complete one of the following options within six (6) months after November 1, 2023 (no later than April 30, 2024):

• A new four (4) credit hour training course approved by the Department. The course group will be identified as Annuity Best Interest 4 Hours; or
• A new one (1) credit hour training course approved by the Department. The course group will be identified as Annuity Best Interest 1 Hour.

Topics must include, but not limited to (Annuity Best Interest 1 Hour):

1. Appropriate sales practices; and
2. Replacement and disclosure requirements under the amended regulation