DEPARTMENT OF INSURANCE
NOTICE OF PUBLIC COMMENT PERIOD
Proposed Changes to the Department of Insurance’s Regulation Relating to Producer Continuing Education
INSURANCE COMMISSIONER MATTHEW DENN hereby gives notice of a proposed change to Department of Insurance Regulation 504 relating to producer continuing education. The Commissioner proposes to amend Regulation 504 relating to Continuing Education for Insurance Agents, Brokers, Surplus Lines Brokers and Consultants. The docket number for this proposed amendment is 2005-207.
The two proposed changes to the regulation appear in section 8 relating to the licensee’s responsibilities. The required number of ethics credits is proposed to decrease from four hours to three hours for each reporting period. Licensees who are authorized to sell homeowners and/or personal lines coverage will be required to complete two hours of continuing education on flood insurance each reporting period starting March 1, 2006. The text of the proposed amendment is reproduced in the December 2005 edition of the Delaware Register of Regulations. The text can also be viewed at the Delaware Insurance Commissioner’s website at: http://www.state.de.us/inscom/departments/documents/ProposedRegs/ProposedRegs.shtml.
The Department of Insurance does not plan to hold a public hearing on the proposed changes. Any person can file written comments, suggestions, briefs, compilations of data or other materials concerning the proposed amendments. Any written submission in response to this notice and relevant to the proposed changes must be received by the Department of Insurance no later than 4:30 p.m., Tuesday, January 3, 2006, and should be addressed to Deputy Attorney General Michael J. Rich, c/o Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904, or sent by fax to 302.739.5566 or email to firstname.lastname@example.org.