The Illinois General Assembly on March 30 passed HB 4324 by Representative Bob Morgan and Senator Julie Morrison, which will make Illinois the 13th state to offer licensed insurance producers the opportunity to gain continuing education (CE) credits based on their active participation in a state or national professional insurance association. Producers may receive up to four hours of CE on a biennial basis by providing detailed records of attendance and involvement to the Department of Insurance. The bill is now on its way to Governor J.B. Priztker’s desk for signature.
The bill defines ‘active participation’ as serving on the Board of Directors, a committee, or task force of the professional insurance association. Producers who hold a position for multiple associations would only receive credit for service to one association. NAIFA-Illinois is celebrating this legislative victory and hopes that this encourages current and prospective members to get more involved.
“Professional insurance associations, like NAIFA-Illinois, promote high standards of ethical conduct among their members and provide educational programs and professional development opportunities to association members,” remarks NAIFA-Illinois President, Tim Foley, “We believe this bill will ultimately benefit consumers by providing access to better-qualified advisors.”
Other states that allow CE credit for association membership include Arkansas, Georgia, Louisiana, Missouri, Nebraska, North Carolina, North Dakota, Ohio, Oklahoma, Texas, Utah, and West Virginia.
If you are interested in learning more about NAIFA’s grassroots army and have a passion for advocacy, make sure to register for NAIFA’s 2022 Congressional Conference in Washington, D.C.! Be among the hundreds of top industry professionals visiting Capitol Hill to advocate for policies that impact your business and clients.