ARM 6.6.4202. DEFINITIONS

For the purposes of this subchapter, the following terms have the following meanings: (1) "Accredited university or college" means an institution of higher learning that is certified by its appropriate accrediting agency to meet that agency's prescribed standards. (2) "Biennial cycle" means the 24-month period in which required continuing education must be completed. An initial cycle may be longer than 24 months. (3) "Classroom setting" means a course format in which a body of students meets to study the same course materials under the direction of the same approved instructor. (4) "Course" means any course, seminar or program of instruction for presentation as part of the continuing education requirements for licensees. The term also includes the training course specified in 33-17-1602, MCA, that an applicant for a surety bail bond insurance license must complete before being issued a license. (5) "Credit hours" means the value assigned to a course by the commissioner, upon review and approval of course materials and content outline. (6) "Instructor" means an individual who meets the requirements set forth in ARM 6.6.4204, is identified by a sponsoring organization in a course submission, participates in course presentations, activities and discussions, and who may monitor the attendance and conduct of course participants or administer examinations. (7) "Licensee" means an individual required to be licensed under Title 33, chapter 17, parts 2, 3, 4, 5, or 16, MCA. (8) "SBS" means the electronics system owned by the NAIC and enhanced in partnership with state insurance departments that provides a comprehensive, web-based application for use by state regulators. (9) "Self study" means those independent study methods taught outside the classroom setting through approved text, audiotape materials, videotape materials or another method of information exchange. (10) "Significant change" means a change in two or more of the following course elements: (a) course goals or objectives; (b) major course topic(s); (c) course length; (d) syllabus or course outline; (e) teaching method, or (f) examination method. (11) "Sponsoring organization" means any group(s) or organization(s) and their agent(s) that submit courses for department review and offer or provide approved courses for continuing education credit to allow licensees to meet the requirements of 33-17-1203 and 33-17-1204, MCA, and are responsible for those course offerings, or any individual Montana insurance producer, adjuster, or consultant who submits a course pursuant to ARM 6.6.4203(14) for department review to allow that licensee to meet the requirements of 33-17-1203 and 33-17-1204, MCA. For purposes of surety bail bond insurance, the applicable requirements also include the requirements stated in 33-17-1601 and 33-17-1602, MCA.