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Committee adopts changes to insurance continuing education and raises adjuster threshold to $2,000
Summary
The Senate Insurance Committee adopted an amendment and reported Senate Bill 40 with amendments. The bill reduces the biennial continuing-education requirement for property insurance licensees, adds annual legislative-update hours produced by the Department of Insurance at no cost, and raises the unlicensed-adjuster threshold from $500 to $2,000.
Senate Insurance Committee members adopted an amendment and reported Senate Bill 40 with amendments during a committee meeting where Senator Wheat presented the bill.
The bill changes continuing-education requirements for property insurance producers and agents and raises the threshold for when adjusters must be licensed. Under the amendment adopted in committee, the threshold for unlicensed adjuster activity is raised from $500 to $2,000. The committee voted to report the bill with those amendments.
Senator Wheat…
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