33-17-1203. Continuing education -- basic requirements -- exceptions. (1) Unless exempt under subsection (4):
     (a) a person licensed to act as an insurance producer for property, casualty, surety, or title insurance or as a consultant for general insurance shall, during each calendar year, complete at least 10 credit hours of approved continuing education;
     (b) a person licensed to act as an insurance producer for life or disability insurance or as a consultant for life insurance shall, during each calendar year, complete at least 10 credit hours of approved continuing education;
     (c) a person holding multiple licenses shall, during each calendar year, complete at least 15 credit hours of approved continuing education;
     (d) a person licensed to act as an insurance producer only for credit life and disability insurance shall, during each calendar year, complete 2 1/2 credit hours of approved continuing education in the areas of insurance law, ethics, or credit life and disability insurance;
     (e) a person licensed as an insurance producer or consultant shall, during each biennium, complete at least 1 credit hour of approved continuing education on changes in Montana insurance statutes and administrative rules.
     (2) If a person licensed as an insurance producer or consultant completes more credit hours of approved continuing education in a year than the minimum required in subsection (1), the excess credit hours may be carried forward and applied to the continuing education requirements of the next year.
     (3) The commissioner may, for good cause, grant an extension of time, not to exceed 1 year, during which the requirements imposed by subsection (1) may be completed.
     (4) The minimum continuing education requirements do not apply to:
     (a) a person licensed to sell any kind of insurance for which an examination is not required under 33-17-212(7)(d) through (7)(k);
     (b) a person holding a temporary license issued under 33-17-216;
     (c) a nonresident licensee who must meet continuing education requirements in the licensee's state of residence if that state grants substantially similar privileges to and has similar requirements for residents of this state;
     (d) a newly licensed insurance producer or consultant during the calendar year in which the licensee first received a license;
     (e) a person who only executes surety bail bonds; or
     (f) an insurance producer or consultant otherwise exempted by the commissioner.

     History: En. Sec. 3, Ch. 622, L. 1993; amd. Sec. 2, Ch. 98, L. 1995; amd. Sec. 1, Ch. 456, L. 1997; amd. Sec. 27, Ch. 531, L. 1997; amd. Sec. 35, Ch. 472, L. 1999.