DEPARTMENT OF INSURANCE
NOTICE OF PUBLIC COMMENT PERIOD
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 276.
The proposed change to the regulation appears only in section 8.2.2 relating to the required number of ethics hours required for continuing education for public adjusters and fraternal agents. When the regulation was last amended, the change from four hours of required ethics for public adjusters and fraternal agents to three hours (in conformity to the similar change for other licensees) was unintentionally not included in the notice and final regulation approval. This amendment corrects that inconsistency and is the only proposed change to the regulation. The required number of ethics credits for public adjusters is proposed to decrease from four hours to three hours for each reporting period. The Delaware Code authority for the change is 18 Del.C. §§311, 1718. The text of the change to the regulation is as follows:
8.2.2 Resident adjusters, public adjusters and Fraternal Agents shall be required to fulfill twelve (12) credit hours of Department approved education subjects, three (3)
four (4) of which shall be in ethics subjects during each biennial reporting period.
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, and compilations of data or other materials concerning the proposed amendment. Any written submission in response to this notice and relevant to the proposed change must be received by the Department of Insurance no later than 4:30 p.m., Wednesday, August 2, 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.