2006 Louisiana Laws - RS 22:1139 — Exemption from examination

§1139.  Exemption from examination

A.  An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing education or examination.  This exemption is available only if the person is currently licensed in that state or if the application is received within ninety days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's Producer Database records, maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested.

B.  A person licensed as an insurance producer in another state who moves to this state shall make application within ninety days of establishing legal residence to become a resident licensee pursuant to R.S. 22:1136.  No prelicensing education or examination shall be required of that person to obtain any line of authority previously held in the prior state except where the commissioner of insurance determines otherwise by regulation.

C.  The following resident applicants shall be exempt from the requirement of an examination:

(1)  Any applicant for a license covering the same line or lines of insurance for which the applicant was licensed under a similar license in this state, other than a temporary license, within five years from the date of expiration of the previous license, unless such previous license was revoked or suspended or renewal was refused by the commissioner.

(2)  As to life, health and accident insurance examinations, any applicant who has been conferred the Chartered Life Underwriters (CLU) designation by the American College of Life Underwriters and who is a member in good standing with a local chapter of the American Society of Chartered Life Underwriters.

(3)  As to property and casualty insurance examinations, any applicant who has been conferred the Chartered Property and Casualty Underwriter (CPCU) designation by the American Institute for Property and Liability Underwriters, Incorporated, and who is in good standing with a local chapter of the Society of Chartered Property and Casualty Underwriters.

(4)  Any applicant for a license to represent an industrial life, health and accident, service, nonprofit, or home service insurer.

(5)  Any applicant who shall be licensed to act only as a producer with respect to life, health, and accident insurance on borrowers or debtors, commonly known as credit life or credit health and accident insurance and credit accidental death and dismemberment.

(6)  Any applicant who shall be licensed to act only as a producer with respect to credit property and casualty insurance on collateral, commonly known as credit property and casualty insurance, including credit property insurance on which the licensed lender has a security interest, and involuntary unemployment.

(7)  Any applicant who is a ticket selling agent of a railroad company, carrier by air, or public bus carrier, who shall act thereunder as an insurance producer only in reference to the issuance of accident or baggage insurance policies in connection with the transportation that accompanies the transportation ticket.

(8)  Repealed by Acts 2006, No. 335, §1, eff. June 13, 2006.

(9)  Producers of any other lines of insurance which the commissioner of insurance determines, by rule or regulation, do not require the professional competency tested by examination.

Acts 2001, No. 158, §1, eff. Jan. 1, 2002; Acts 2006, No. 335, §1, eff. June 13, 2006.