Bill > AB943

This bill modifies existing California insurance regulations regarding prelicensing education and certification for various types of insurance agents. Specifically, the bill eliminates the previous requirement that new insurance agent applicants must complete 20 hours of prelicensing study, while maintaining the existing 12-hour ethics course requirement, which now includes one hour of study on insurance fraud. The bill introduces a new fee associated with the 12-hour ethics course certification and makes several technical changes to the Insurance Code affecting licensing procedures for different types of insurance agents, including life agents, accident and health agents, property brokers, and limited lines automobile insurance agents. The changes standardize and simplify the licensing process, reducing some educational barriers while maintaining professional standards through the ethics course. The bill also updates fee structures for course certification and ensures that agents licensed in multiple categories only need to complete one ethics course. These modifications aim to streamline the licensing process for insurance professionals while preserving important educational and ethical training requirements.

Budget and Finance, Business and Industry

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB943