New Training Requirements for Long-Term Care ProducersSenate Bill 191, passed by the 2007 Oregon Legislature, establishes specific training requirements for insurance producers who “sell, solicit or negotiate” long-term care insurance. Producers who are licensed as of January 1, 2008, may not transact long-term care insurance after January 31, 2008, until they have completed the one-time training requirement. Producers licensed after January 1, 2008, must have training before selling long-term care insurance. All other substantive provisions of the bill become operative January 1, 2008. The Oregon Insurance Division is in the process of adopting administrative rules to implement the legislation. Rules will be posted on our Web site. To receive notice of these rules and future updates, we recommend subscribing to E- Mail Notification while on our Web site. Producers do not need to certify to the Insurance Division that they have completed the required training. The appointing insurer is responsible for verifying that a producer receives the required training before selling, soliciting or negotiating the insurer’s long-term care insurance products. |
