Virginia Insurance Continuing Education Board

Federal Non-Specific Requirements (Not Virginia)

Flood Insurance

There is not an additional CE compliance requirement for flood insurance beyond the normal CE requirements specified in the Handbook.

Section 207 of the Flood Insurance Reform Act of 2004 (the Act) requires all agents selling flood insurance policies under the NFIP to be properly trained and educated about the NFIP to ensure agents may best serve their clients.

The Act directs the Director of the Federal Emergency Management Agency (FEMA), in cooperation with the insurance industry, state insurance regulators, and other interested parties to establish minimum training and education requirements for all insurance agents who sell flood insurance policies. FEMA and state approved continuing education sponsors are developing courses related to NFIP. An insurance agent who sells flood insurance may satisfy the minimum training and education requirements by completing a course related to the NFIP which has been approved for three hours of continuing education credit by the Virginia Insurance Continuing Education Board. The failure to comply with this education requirement may jeopardize the agent’s authority to write insurance through the NFIP.

The federal law requires all resident Virginia licensed insurance agents who sell federal flood insurance policies to comply with the minimum training requirements of Section 207 of the Flood Insurance Reform Act of 2004, and basic flood education as outlined at 70 Fed. Reg., 52117 (Sept. 1, 2005), or such later requirements as are published by FEMA.

Long Term Care (LTC) Certification

There is not an additional CE requirement for long term care insurance beyond the normal CE requirements specified in the Handbook. Completing a minimum of six credits will demonstrate to your insurer(s) and to the Bureau of Insurance that you have met the federal requirement for those who sell long term care insurance. The Long Term Care Insurance Model Act (Model 640, section 9) requires agents selling the product to pursue continuing education credits on Long Term Care. Besides the initial six-credit requirement there is a four-credit ongoing requirement.

Long Term Care Partnership

There is not an additional CE requirement for long term care partnership insurance beyond the normal CE requirements specified in the Handbook. Completing a minimum of two credits will demonstrate to your insurer(s) and to the Bureau of Insurance that you have met the federal requirement for those who sell long term care partnership insurance. The Long Term Care Insurance Model Act (Model 640, section 9) requires agents selling the product to pursue continuing education credits on Long Term Care.

Last updated 2014-10-18