OAR 836-052-0639: Training for Insurance Producers

(1) When the provider of a training course notifies an insurance producer that the insurance producer has successfully completed the training course and passed the examination, the insurance producer shall send the notice of completion as verification of the training to each insurer for which the insurance producer transacts or will transact long term care insurance in this state. The insurer shall approve or disapprove the verification as meeting the requirements of section 9, chapter 486, Oregon Laws 2007 and return the verification to the insurance producer. (2) An insurance producer shall submit the notice of completion of required training to the Director as approved by each insurer under section (2) of this rule when the insurance producer reports to the Director at license renewal regarding compliance with continuing education requirements. (3) A training course taken online or through self-study in satisfaction of the requirements of section 9, chapter 486, Oregon Laws 2007 (Enrolled SB 191) must include an examination indicating understanding of the topics covered in the course. An insurance producer does not satisfy the training requirement of section 9, chapter 486, Oregon Laws 2007 unless the individual passes the examination for the online or self-study training course with a score of not less than 70 percent.