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Bill > S377


NC S377

NC S377
Licensing Course Removal/Insurance Producers


summary

Introduced
03/20/2025
In Committee
03/24/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

AN ACT TO ELIMINATE THE TRAINING COURSE REQUIREMENTS FOR INSURANCE PRODUCER LICENSURE.

AI Summary

This bill eliminates the training course requirements for insurance producers seeking licensure in North Carolina. Specifically, the bill removes the previous mandate that insurance producer license applicants must complete 20 hours of instruction covering general insurance principles and other relevant topics. The Commissioner of Insurance will no longer require individuals to complete a specific amount or type of pre-licensing instruction, though any producer training courses developed to help applicants prepare for the licensing examination must still be approved by the Commissioner. The bill also modifies interstate reciprocity rules to remove the prelicensing education requirement for individuals who were previously licensed in their home state and are applying for a license in North Carolina. The changes will apply to licensure applications submitted on or after October 1, 2025, giving insurance regulators and potential applicants time to prepare for the new, less restrictive licensing process. The goal appears to be reducing barriers to entry for potential insurance producers by simplifying the licensing requirements.

Sponsors (1)

Last Action

Ref To Com On Rules and Operations of the Senate (on 03/24/2025)

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