(a) The department of insurance shall develop a training program for insurance producers who sell qualified long term care insurance policies that includes a certified prelicensing course and continuing education courses. The courses must cover, at a minimum, the following topics:
- (1) State and federal regulations and requirements and the relationship between qualified long term care insurance policies and other public and private coverage of long term care services, including Medicaid.
- (2) Available long term care services and providers.
- (3) Changes or improvements in long term care services or providers.
- (4) Alternatives to the purchase of private long term care insurance.
- (5) The effect of inflation on benefits and the importance of inflation protection.
- (6) Consumer suitability standards and guidelines.
(b) An insurance producer must:
- (1) complete the certified prelicensing course established under subsection (a) before the insurance producer may sell, solicit, or negotiate a qualified long term care insurance policy; and
- (2) attend a continuing education course established under subsection (a) at least once every twenty-four (24) months to continue to sell, solicit, or negotiate a qualified long term care insurance policy.
As added by P.L.196-2021, SEC.6.