NEW LONG TERM CARE/PARTNERSHIP TRAINING REQUIREMENTS
Effective February 22, 2016, Public Act 198 amended the requirements for producers who sell, solicit, or negotiate long-term care insurance. These individuals must be licensed as accident and health or life producers; complete a one-time long-term care training course; and complete ongoing long-term care training for every two-year CE compliance period thereafter.
The Act identifies the topics courses must cover to meet the long-term care training requirements. Although the long-term care training requirements are not CE requirements, licensees may receive CE credit by taking a CE course identified as an LTC - Partnership course. CE courses identified as LTC - Partnership meet the training requirements of Public Act 198. Insurers shall verify that their producers have completed the long-term care training course before allowing the producer to sell, solicit, or negotiate long-term care insurance products for that insurer.
What this means for you if you took a course from FSI. Because the State of Michigan added "Partnerships" to the existing rule, if you took the Long Term Care Certification Course, this course does NOT qualify for the new requirement. Please call the office to reschedule to take FSI's new Long Term Care/Partnership Certification Course. The new course is also worth 8 hours of Continuing Education credit.
Effective February 22, 2016, Public Act 198 amended the requirements for producers who sell, solicit, or negotiate long-term care insurance. These individuals must be licensed as accident and health or life producers; complete a one-time long-term care training course; and complete ongoing long-term care training for every two-year CE compliance period thereafter.
The Act identifies the topics courses must cover to meet the long-term care training requirements. Although the long-term care training requirements are not CE requirements, licensees may receive CE credit by taking a CE course identified as an LTC - Partnership course. CE courses identified as LTC - Partnership meet the training requirements of Public Act 198. Insurers shall verify that their producers have completed the long-term care training course before allowing the producer to sell, solicit, or negotiate long-term care insurance products for that insurer.
What this means for you if you took a course from FSI. Because the State of Michigan added "Partnerships" to the existing rule, if you took the Long Term Care Certification Course, this course does NOT qualify for the new requirement. Please call the office to reschedule to take FSI's new Long Term Care/Partnership Certification Course. The new course is also worth 8 hours of Continuing Education credit.
