MD Insurance Bulletin 23-11

Flood Continuing Education

Year: 2023Length: 254 wordsOfficial source
1 BULLETIN 23-11 Date: August 3, 2023 To: Property and Casualty Insurance Producers Re: Flood Continuing Education ______________________________________________________________________________ The Maryland Insurance Administration (“the Administration”) is issuing this Bulletin to advise licensees of the regulation change to continuing education requirements in Code of Maryland Regulations (“COMAR”) 31.03.02. The change adds certain types of insurance producers to the list of licensees that are required to obtain continuing education (“CE”) regarding flood insurance. The regulation becomes effective on October 1, 2023. Licensees shall obtain at least two hours of CE that directly relate to flood insurance as part of the required hours of continuing education if they: • Must complete courses designated as "Property/Casualty" or "PC", • Have a license expiration date after April 1, 2024 (six months after the effective date of this regulation), and • Sell flood insurance, homeowners insurance, or commercial property insurance. The two hours of flood CE is not in addition to the otherwise required property and casualty CE hours. The total number of CE hours required for each renewal period will remain the same. PROMETRIC is the Administration's vendor for continuing education services. Licensees may find the Maryland-approved continuing education courses and view their continuing education transcript by visiting www.sircon.com. Courses in the category of Flood will be applied to the required PC continuing education hours. Please view the regulation as it appeared in the Maryland Register on April 21, 2023: https://insurance.maryland.gov/Documents/newscenter/legislativeinformation/31.03.02.03- ProposedPub-4212023.pdf. KATHLEEN A. BIRRANE Commissioner TAMMY R. J. LONGAN Acting Deputy Commissioner WES MOORE Governor ARUNA MILLER Lt. Governor
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