Oklahoma Insurance Dept.  

Five Corporate Plaza 3625 NW 56th, Suite 100    

www.oid.ok.gov   

Earthquake CE Requirement Eff: January 1st 2015

To:             Oklahoma resident licensees and nonresidents completing our CE

From:         OID Education Division

Date:          September 5, 2014

Due to the swarms of earthquake activity occurring in the state, the Oklahoma Insurance Department (OID) is implementing an emergency Oklahoma Administrative Code rule change requiring at least one hour of continuing education on this topic each renewal cycle. The OID will begin enforcing the new rule on January 1, 2015. All resident agents, CSRs and adjusters with a property line of authority will be required to complete one hour of continuing education under the Earthquake course category per renewal cycle. This new requirement will be included in the 24 hours (CSRs 13 hours) as general credits.

The OID is working with CE providers to create these newly required courses. The new course group will be universal and will apply to producer, CSR, and adjuster license types. Our goal is to build our course library with numerous earthquake courses in order for our licensees to have the ability to complete this requirement every license renewal.

Please note: The OID has the ability to ensure this requirement is being fulfilled by checking CE transcripts prior to license renewal.

The OID will begin enforcing the new rule on January 1, 2015. 

Should CE providers have any questions regarding this notice, please contact the Education Division at education@oid.ok.gov. Otherwise, producers, CSR's and adjusters can visit our website for course and transcript information by clicking on the below links or contacting the Licensing Division at licensing@oid.ok.gov:

Course Lookup 

 View Transcript 

A.M. Best has upgraded the issuer credit rating (ICR) to "a+" from "a" and affirmed the financial strength rating (FSR) of A (Excellent) of Farmers New World Life Insurance Company (FNWL) (Mercer Island, WA). Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of "a" of Zurich American Life Insurance Company (ZALICO) (Schaumburg, IL). These companies form the core U.S. life entities within the Zurich Insurance Group Global Life North America (ZIG GLNA) region. The outlook for all ratings is stable.

All resident agents/producers, CSRs and adjusters are required to complete continuing education biennial. The requirements are as follows:

Resident Producers (Excluding Title producers)

Producers, CSRs & Adjusters will be required to have 1 hour of Earthquake CE within the 24 hour Requirement effective 1/1/15.  CSR total hours remain at 13. See article above 

• Producers that sell, solicit, or negotiate Medicare Advantage or Part D Products or Plans are required to take a 4 hour Medicare Renewal course each renewal period.
• Producers that sell, solicit or negotiate Long Term Care insurance must take a 4 hour Long Term Care Partnership course each renewal period after the initial 8 hour Long Term Care Partnership course was taken.
• Producers that sell, solicit, or negotiate Annuity products are required to take a one time 4 hour course on Annuity products.

CSRs are required to have 13 hours of continuing education, including three hours of ethics and two hours of legislative updates.

Resident Adjusters are required to have 24 hours of continuing education including three hours of ethics and two hours of legislative updates.

No documentation required. Just sign off on the OID form and return it.  

                                                                                            Alex Conger    

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