§ 27-34.2-21 - Producer training requirements. - Rhode Island Statutes

SECTION 27-34.2-21

   § 27-34.2-21  Producer trainingrequirements. – (a) On or after January 1, 2008, an individual may not sell, solicit ornegotiate long-term care insurance unless the individual is licensed as aninsurance producer for accident and health or sickness or life and hascompleted a one-time training course. The training shall meet the requirementsset forth in this section.

   (b) An individual already licensed and selling, soliciting ornegotiating long-term care insurance on July 3, 2007 may not continue to sell,solicit or negotiate long-term care insurance unless the individual hascompleted a one-time training course as set forth in the section, within oneyear from July 3, 2007.

   (c) In addition to the one-time training course required inthis section, an individual who sells, solicits or negotiates long-term careinsurance shall complete ongoing training as set forth in this section.

   (d) The training requirements of this section may be approvedas continuing education courses.

   (e) The one-time training required by this section shall beno less than eight (8) hours and the ongoing training required by this sectionshall be no less than four (4) hours every twenty-four (24) months.

   (f) The training required under paragraph (a) shall consistof topics related to long-term care insurance, long-term care services and, ifapplicable, qualified state long-term care insurance. Partnership programs,including, but not limited to:

   (1) State and federal regulations and requirements and therelationship between qualified state long-term care insurance partnershipprograms and other public and private coverage of long-term services, includingMedicaid;

   (2) Available long-term care services and providers;

   (3) Changes or improvements in long-term care services orproviders;

   (4) Alternatives to the purchase of private long-term careinsurance;

   (5) The effect of inflation on benefits and the importance ofinflation protection; and

   (6) Consumer suitability standards and guidelines.

   (g) The training required by this section shall not includetraining that is insurer or company product specific or that includes any salesor marketing information, materials, or training, other than those required bystate or federal law.

   (h) Insurers subject to this act shall obtain verificationthat a producer receives training required by this section before a producer ispermitted to sell, solicit or negotiate the insurer's long-term care insuranceproducts, maintain records subject to the state's record retentionrequirements, and make that verification available to the commissioner uponrequest.

   (i) Insurers subject to this act shall maintain records withrespect to the training of its producers concerning the distribution of itspartnership policies that will allow the state insurance department to provideassurance to the state Medicaid agency that producers have received thetraining contained in this section and that producers have demonstrated anunderstanding of the partnership policies and their relationship to public andprivate coverage of long-term care, including Medicaid, in this state. Theserecords shall be maintained in accordance with the state's record retentionrequirements and shall be made available to the commissioner upon request.

   (j) The satisfaction of these training requirements in anystate shall be deemed to satisfy the training requirements in this state.