MD LTC Training requirements
Effective Sept. 10, 2007, the Maryland Insurance Administration (MIA) has adopted a regulation that mandates a new "training" requirement for producers who sell or wish to sell long-term care (LTC) insurance in the state of Maryland. This requirement is separate from the Continuing Education (CE) requirement already in place with regard to long-term care insurance, and monitored for license renewal purposes.
The training requirement includes:
a one-time, eight-hour training course:
For those producers who already sold LTC insurance prior to Sept. 10, 2007, the deadline to complete these eight hours of training is Sept. 10, 2008;
For those producers who are only starting to sell LTC (e.g. getting a new license, adding the line of authority), the requirement is effective immediately, and the training must be completed prior to selling LTC insurance.
an ongoing, four-hour training course, to be completed once in every 24-month period.
Note: since this training requirement is not a continuing education (CE) requirement, the burden is placed on insurers to verify that producers have had appropriate training in compliance with the regulation. Producers should expect to receive communication from the insurers with which they do business to ascertain that both initial and the recurring training courses have been completed. Producers should retain their completion certificates to demonstrate compliance.
Regulation 31.14.01.34
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