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Home Source documents Senate Bill Report — HB 1061, Eliminating Prelicensing Education Requirements for Insurance Producers (March 8, 2023)

Senate Bill Report — HB 1061, Eliminating Prelicensing Education Requirements for Insurance Producers (March 8, 2023)

Summary

This Senate Bill Report on HB 1061, as of March 8, 2023, was prepared for the Senate Committee on Business, Financial Services, Gaming & Trade. It describes an act relating to the elimination of prelicensing education requirements for licensed insurance producers, sponsored by Representatives Ryu, Corry and Reeves, and printed as passed by the House on 2/27/23, 96-0. The report states that in Washington an applicant must complete 20 hours of pre-licensing education for each major line of authority sought. Under the summary of the bill, those seeking a license as a first-time resident insurance producer are not required to complete pre-licensing education. The report lists the appropriation as None and the effective date as ninety days after adjournment of the session in which the bill is passed.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Issuer
Congressional materials
Document type
Report
Date
2023-03-09
Case
2023 03 09 A30915 D256548 Bill Report 1061 Sba Bfgt 23

Cite this document

“Senate Bill Report — HB 1061, Eliminating Prelicensing Education Requirements for Insurance Producers (March 8, 2023).” Original at app.leg.wa.gov, dated 2023-03-09. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-03-09-2023-03-09-a30915-d256548-bill-report-1061-sba-bfgt-23/, SHA-256 32bc019fe8a38d6b11ac3c9720337db4445f1b657bd76b0f01b48828f78899d0.

Full text

                            SENATE BILL REPORT
                                  HB 1061

                                       As of March 8, 2023

Title: An act relating to the elimination of prelicensing education requirements for licensed
     insurance producers.

Brief Description: Eliminating prelicensing education requirements for licensed insurance
     producers.

Sponsors: Representatives Ryu, Corry and Reeves.

Brief History: Passed House: 2/27/23, 96-0.
     Committee Activity:


                                     Brief Summary of Bill
           • Removes pre-licensing education requirements for first-time resident
             insurance producer licensee applicants.


SENATE COMMITTEE ON BUSINESS, FINANCIAL SERVICES, GAMING & TRADE

     Staff: Kellee Gunn (786-7429)

     Background: Resident Insurance Producer Licensing in Washington. All persons wishing
     to sell, solicit, or negotiate insurance contracts in Washington State for any line of insurance
     must be licensed as an insurance producer. Insurance producer licenses are available
     through the Office of the Insurance Commissioner (OIC). Licensing requirements differ
     depending on the major line of authority (LOA) sought, such as life, disability, property,
     casualty and personal lines.

     First-time Resident Producer Licensees in Washington. First-time resident producer license
     applicants must:
         • be at least 18 years of age;
         • complete pre-licensing education (PLE) for each major LOA wished to be obtained;



     This analysis was prepared by non-partisan legislative staff for the use of legislative
     members in their deliberations. This analysis is not part of the legislation nor does it
     constitute a statement of legislative intent.

Senate Bill Report                              -1-                                         HB 1061
         • pay any required fees; and
         • successfully pass the state examinations for the LOA in which they have applied.

     All persons applying for a resident insurance producer license must not have committed any
     act that is grounds for dismissal. Each applicant shall furnish fingerprints for submission to
     the governmental agency or entity authorized to receive this information for the state and
     national criminal background check.

     Resident Producers From Other States Who Move to Washington. Any resident producer
     licensed in another state, who wishes to move their residence to Washington, may waive the
     PLE and exam requirements if they apply for their Washington State license, cancel their
     previous home state license, and submit fingerprints within 90 days of moving to the state.

     Continuing Education. All licensees must follow up with continuing education
     requirements over the course of their career.

     Pre-licensing Education Requirements. Twenty-four states, including Washington, require
     first-time resident producer licensees to complete PLE. The number of hours required of
     the PLE differs by state and major LOA. In Washington, an applicant must complete 20
     hours of PLE for each LOA wished to be obtained.

     Summary of Bill: Those seeking a license as a first-time resident insurance producer are
     not required to complete pre-licensing education to obtain their insurance producer license
     in Washington.

     Appropriation: None.

     Fiscal Note: Available.

     Creates Committee/Commission/Task Force that includes Legislative members: No.

     Effective Date: Ninety days after adjournment of session in which bill is passed.




Senate Bill Report                             -2-                                        HB 1061

File and source

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2023-03-09_a30915_d256548_bill-report-1061-sba-bfgt-23.pdf
Size
7,513 bytes
SHA-256
32bc019fe8a38d6b11ac3c9720337db4445f1b657bd76b0f01b48828f78899d0
Our copy
2023-03-09_a30915_d256548_bill-report-1061-sba-bfgt-23.pdf
Original
app.leg.wa.gov
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