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What are the Louisiana Insurance Continuing Education Requirements?

You can  renew your Louisiana Insurance license by doing a CE course like the Louisiana Insurance Continuing Education course, which allows you to maintain your license as well as imparts informative, relevant and practical knowledge that can help you in the course of your work life. This course is also approved by the LA department of Insurance. There are a wide range of courses at reasonable prices from which you can pick the one best suited for you. The Louisiana Insurance Continuing Education Requirements are:

For residents,

In Louisiana, completing state Continuing Education (CE) requirements is necessary for the renewal of resident producer licenses.

Producers licensed for one or more of the lines of Life, Health and Accident, Property, Casualty or Personal are required to complete a total of 24 CE credit hours during the 2-year licensing period. At least three of the 24 credit hours per licensing period must be from ethics courses. Producers with Property, Casualty, or Personal Lines must also complete three of the 24 credit hours in flood education courses.

Producers licensed for a line of Title are required to complete 12 CE credit hours during the licensing period. At least two of the 12 credit hours per licensing period must be from courses on the topic of consumer financial protection.

Producers licensed for a line of Bail Bonds are required to complete 12 CE credit hours during the licensing period. At least six of the 12 credit hours per licensing period must be from courses on the topic of bail enforcement.

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What are the Virginia Insurance CE requirements?

There are different Continuing Education (CE) requirements for agents depending on their number of licenses in Virginia.

To ensure you get the course credits for your courses. Make sure that you take only Virginia Approved Continuing Education Courses. It can be taken online or in-person through an approved education provider.

The CE requirements are as follows:

Resident producers having one license: Are required to complete 16 hours of CE on the topic of their authority and 3 hours on ethics.

Consultants or Producers who sell multiple insurances: You need 24 hours of CE and 3 hours of ethics courses. Make sure you take at least 8 hours of CE for each license type you hold.

Public adjuster: Are required to complete 24 hours of CE and other 3 hours on ethics.

You are allowed to carry excess CE credits to the next license renewal term if you report them and pay a continuance fee in the term you acquired them.

To avoid your license termination, you must complete and renew your licenses every two years. All courses require you to give a final test and score at least 70 percent or more to get the course credits. You cannot get credits for repeating the same course.

You have to complete a one-time three-hour flood insurance course if you plan to sell flood insurance in the state, the CE credits will be counted for your CE requirement for that term

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What does long term care insurance cover?

Long term care insurance deals with assisting in paying the insured costs of long term care like assisted living facilities, home care, and nursing homes. 

It takes effect when the insured person requires additional assistance to complete their daily tasks and covers the costs standard health insurance policies don't cover.

The payout is done in two ways :

1. The insurance company reimburses the bills paid by the insured.

2. The insurance company pays the total benefit upfront, and the insured can decide to spend that money in the way you see fit. (indemnity)

Ask your insurance agent for advice about your policy's exclusions so that you can make a better decision regarding your payout method.

Are you a licensed insurance agent who wants to start their carrier in Long-term care?

Visit our website E-insurance training and complete your state-mandated education requirements or call us on (877) 724-6150 for more information and assistance.

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Insurances you can sell with a property and casualty insurance license.

A Property and Casualty (P&C) license holder is a state-authorized to sell and provide insurance policies to their customers and clients.

Getting a P&C license will make you eligible to provide:

Commercial Insurance

Commercial property insurance

Commercial general liability 

Business coverage insurance

Worker's compensation insurance- protects employees from injuries in the workplace.

Miscellaneous commercial insurance - protects a business from losses such as crimes- robbery, theft, during imports & exports, aircraft insurance, etc.

Insurances for Individuals

Homeowners insurance

Dwellers insurance 

Personal auto insurance

Miscellaneous personal insurance - This covers other costly items owned by a person such as jewelry, artifacts, cameras, flood insurance, and also includes coverages of boats and yachts.

We offer online pre-licensing education in all insurance fields and have helped thousands of successful customers become licensed producers.

Visit our website E-insurancetraining to start your journey towards becoming a licensed P&C insurance agent.

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Topics covered in a Property and Casualty pre-licensing course

A good pre-licensing course should be approved by the state and meet the mandatory education requirements laid by the state.

Completing a pre-licensing course is a requirement in many states before being eligible for taking a Property and Casualty (P&C) licensing exam through a state-approved licensing exam provider.

The topics covered in an excellent P&C pre-licensing courses are:

General Principle of Insurance

Insurance Ethics: Ethical Concepts and Terminology and Duties of an Insurance Producer

Property and Casualty Concepts

Dwelling Policy

Homeowner's Policy

Personal Automobile Policies

Commercial Automobile Policies

Commercial General Liability

Business owners policies 

Workers compensation insurance: Worker compensation laws and Employers Liability Insurance Policy.

Insurance laws and Regulations

Federal Regulations - States specific licensing law and general insurance laws.

State-specific P&C insurance Law and provisions and regulations.

At Your Pace Online's Property and Casualty Insurance, the exam preparation course offers a comprehensive tool for you to prepare for your state's insurance exam. 

Visit our website E-insurance training or call us on (877) 724-6150 to get more information.

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How can you become a long term care insurance agent?

Long-term care (LTC) insurance deals with assisting the insured by financially covering long-term care costs. You must have identified it as a potential career option as most health insurance doesn't include those expenses while the demand for long term care rises.

Every state may have its own specific rules, but these are the general requirements you have to fulfill to be an LTC insurance provider.:

Complete your pre-licensing education: Most states require you to complete a mandatory pre-licensing course from a state-approved education provider.

Register for your state's life and health insurance exam: Apply for the exam through a state-approved test provider and take your certificate of completion.

Apply to your state's insurance department for license: You might have to fulfill other requirements such as background check, fingerprinting, etc.

Take the required continuing education course to start selling LTC insurance.

Visit our website E-insurance training to complete your mandatory CE credits. If you have any query, call on (877) 724-6150 

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CE requirements to renew your Florida insurance license.

A licensed insurance agent in Florida must complete specific continuing education(CE) hours every two years to renew it.

The Continuing Education hours depend on their experience and license type - Life, Health, General Insurance, Property and Casualty.

The CE hours requirement based on years of experience is:

Less than six years experience: 24 hours of CE credits out of which five must be on Law and Ethics updates in their line of authority.

Over six years of experience: 20 hours of CE with five credits hours on the subjects of Law and Ethics.

You can complete credit hours required to renew your license by taking CE courses on our website E-insurance training.

We offer state-approved continuing education courses to help you finish your requirement on time. Call us on (877) 724-6150 for more information.  

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The Effect of Wearables on Life and Health Insurance

Wearables are a big business. Millions are using wearable technologies to track bio-data and activity levels to improve their health. With $15 Billion in sales in 2015 and an expected growth to $29 Billion in 2019, the trend of using wearables to measure personal fitness and overall health is expected to continue.

Fitness trackers, such as the Fitbit, allow wearers to continuously monitor their heart rate, sleeping habits, and even VO2 max—an important metric of cardiorespiratory fitness. The data collected by these devices could have a profound impact on the insurance industry. Wearables have already come to the attention of the nation’s largest health insurance provider.

Earlier this year, UnitedHealthcare announced a partnership with Qualcomm, one of the nation’s largest chipmakers, to offer a wellness benefit program that provides employees with a free fitness tracking device to track activity levels. Employees can earn almost $1,500 a year for meeting certain fitness goals.

While this new program is an innovative way to promote a healthy workforce, there is greater potential for the application of wearable technology in the life and health insurance industry.

Insurance is all about analyzing data to measure risk; the larger the data pool, the more accurate risk analysis can be. The auto insurance industry already employs “telematic devices” that, once installed in a vehicle, will record an insured’s driving habits. These devices measure miles driven, speed, and braking force, then wirelessly upload the data to the insurer. Based on this data, insurers are able to tailor policies and premiums to drivers based on their habits; someone deemed a safe driver will pay a lower premium.

If the life and health insurance industry had access to relevant data to analyze, they could offer a similar service. Through analysis of a large pool of data collected from these wearable devices, actuarial analysts would be able to create more precise determinations of how certain lifestyles affect health care costs. Office workers, for example, who spend a majority of the day sitting at a desk may be found to have lower occurrences of increased heart rate associated with exercise and therefore have higher rates of heart disease. Workers with office jobs could be charged increased premiums, with deductions for increasing their activity level through a gym membership.

There are challenges facing the industry regarding access to this type of data. First and foremost are privacy concerns. In accordance with HIPAA, written authorization would be required to release data recorded by these devices. Even with written permission, the industry would have to create a data collection system that is truly anonymous while still providing detailed information about customers’ lives, including work and activity habits, as well as medical history.

By offering free fitness trackers and monetary incentives, UnitedHealthcare has begun the process of associating wearables and insurance in the minds of customers. This is a great first step. The next step may be to offer these incentives in exchange for access to collected data.

Eventually, it may be possible to have a fully automated system of data collection and data analysis that could remove human interaction altogether. This could reduce the risk of data breach, alleviating some privacy concern, as well as the risk of human error and delay in interpreting data.

So, what is the impact of wearables on the life and health insurance industry? Ultimately, wearable technologies are still too new to know if they are just a fad, destined to fade away like so many other promising technologies, or if they will revolutionize the insurance industry; only time will tell.

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Insurance Agents: Independent vs. Captive

Making the decision between being an independent agent, who can sell multiple companies’ products, and being a captive agent to only one company, is no small task.

The exclusive, or captive agent, is similar to a traditional employee. They receive technology, training, and support from the company they work with. They have little to no expenses relating to overhead and marketing. It’s also much easier and less time-consuming to be well-versed in the guidelines and policies of only one company. While at first glance the payout seems lower for these agents, don’t forget about the bonus structure. On top of that, exclusive agents continue to earn commissions on renewals, while agents who branch out on their own often walk away from them.

An independent agent operates more like a small business owner. While not provided with the technology and support than an exclusive agent receives, with the modern technology at our fingertips, it may no longer make a much of a difference. One of the most attractive elements of being an independent agent is the freedom and flexibility of being one’s own boss. Independent agents can set their own business hours and work from different locations.

Another attractive point for independent agents is a higher payout on policies, as well as earning renewal commissions, as long as they maintain a contract with the issuing company. These agents are able to truly look for the best fit for the client, and present them with more options from different companies. A captive agent may try to sell clients on one of the few policies they can sell even if it’s not a good fit. A drawback for independent agents, is that many of the big insurance companies only allow exclusive agents to sell their policies. These are some of the most heavily marketed companies, so the brand recognition on clients’ part is strong.

And of course, in this day and age there is a sort of hybrid agency. Hybrid agents work as exclusive agents for the most part. However, if the company they represent does not have a comparable policy to what the client needs, they may sell other companies’ policies instead.

An agent’s choice to work as an exclusive agent or an independent agent largely depends on how they want to run their business. How much support they desire is another factor. However, our culture is increasingly based on choice, and consumers have the choice not to work with an agent at all. A study by JD Power found that in 2015, 47% of consumers bought insurance policies via internet or call center. This could be a result of the ease of purchasing a policy in your pajamas,  or a result of having all the choices, with none of the sales pressure or company limitations.

Whatever business model an agent chooses, the customer should always come first. Part of serving the customer is knowing the industry and the options they have. As the insurance industry changes, it’s important for agents to keep on top of those changes and be well-educated.

For licensing, as well as continuing education courses in insurance, be sure to check out At Your Pace Online’s course offerings.

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Coronavirus & Travel Insurance: What You Need to Know

As the global spread of coronavirus has turned most peoples’ plans for the coming months on their heads, many of us are canceling trips. Whether you’re postponing your travel plans because you’ve been exposed and need to self-quarantine, to respect stay-at-home orders, or because you’re worried about getting sick as you travel, you might be planning to rely on a travel insurance policy to recoup your costs. Not so fast. All too many travelers are finding that travel insurance doesn’t necessarily cover trip cancellations as a result of coronavirus.

How travel insurance companies view coronavirus

As of the start of this year, most travel insurance companies are classifying the coronavirus pandemic as a foreseen event. And if you read the fine print on your policy, you’ll see that you’re not covered for cancellations in the event of such a foreseen event.

In other words, if you don’t already have travel insurance but you want to purchase it now, don’t expect plan changes as a result of the pandemic to be insured.

If you purchased your travel insurance policy back in 2019, you might be covered. But it depends on the reason you’re canceling your trip.

How travel insurance works if you’re worried about getting or spreading coronavirus

While state and federal officials are urging us all to stay safely at home, your willingness to follow those orders isn’t enough to kick your travel insurance policy into action. Many travel insurance companies have added content to their websites explaining that canceling your trip for fear of getting sick isn’t covered by your travel insurance policy.

For example, Allianz has a big, red banner on their home page stating, “Our travel protection plans generally do not cover losses related to COVID-19.” Similarly, AIG says, “Trip cancellation for concern or fear of travel associated with sickness, epidemic, or pandemic, including Coronavirus, is not covered.”

Yes, canceling or postponing your trip is absolutely the right choice to protect your health and prevent the spread of coronavirus. Just don’t expect your travel insurance policy to pitch in for any money you lose.

How travel insurance works if you have COVID-19

If you’ve contracted COVID-19, there may actually be a silver lining for you here. While trip cancelations for fear of getting sick aren’t covered, cancelations because you’re already sick are. If you get diagnosed with COVID-19 before your trip or you get it while traveling, the policy you have in place can help with the cost to change your plans. And if you’re already on the road, your travel insurance may be able to help cover the cost of medical care, too.

When you file your claim with your travel insurance company, you’ll need actual documentation from a doctor. Self-diagnosing your COVID-19 isn’t enough.

Travel insurance that does defend against coronavirus-related plan changes

If you want a policy that will protect you in situations like these, choose “Cancel For Any Reason” (CFAR) coverage. As the name implies, these policies let you cancel your trip for — you guessed it — any reason. They won’t refund your full costs, though. Most CFAR policies only cover 50-75% of your trip costs. Still, in economically uncertain times like these, some reimbursement can be a game-changer.

Hope for travelers

Unfortunately, most travel insurance companies aren’t paying out as a result of coronavirus-related plan changes. Fortunately, that could change. A House Oversight committee has been working with travel insurance companies to expand their coverage.

Additionally, many hotels and airlines are offering travel credits if you do need to change your plans. While this isn’t as good as getting money back in your pocket right now, it does prevent you from losing the money outright. When all of this blows over, your travel credits will be ready and waiting so you can take a much-needed vacation.

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Insurance continuing education and pre-license training

We offer online continuing education to help licensed insurance agents satisfy their CE requirements nationwide and have state approved pre-license training available to help aspiring insurance agents start their new careers.  Our innovative courses, customer service, and tech support are here for you, from start to finish.  If you need approved continuing education, look no further.  We have helped thousands of licensees attain and renew their insurance licenses, and At Your Pace Online will be there to help you every step of the way!

State Approved Insurance CE

Choose your insurance CE with confidence that you are getting exactly the online insurance class you need.

100% Online Insurance Training

Our courses are available whenever you want. Don't let a traditional classroom control your learning.

Mobile Friendly Classes

Our flexible classes let you take your insurance continuing education on any internet connected device.

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Course Lookup: https://www.einsurancetraining.com/