(a) The commissioner by rule shall adopt criteria for continuing education programs used to satisfy the requirements of Section 4004.202. Those criteria must include:
- (1) topics related specifically to annuities;
- (2) state laws and rules related to annuities, including requirements adopted under Chapter 1115;
- (3) prohibited sales practices regarding annuities;
- (4) recognition of indicators that a prospective insured may lack the short-term memory or judgment to knowingly purchase an annuity; and
- (5) fraudulent and unfair trade practices regarding the sale of annuities.
- (b) Subject matter determined by the commissioner to be primarily intended to promote the sale or marketing of annuities does not qualify as continuing education for purposes of this subchapter.
- (c) Subchapter C applies to continuing education programs described by Subsection (a) and training under Section 1115.056. Any training program disapproved under Subsection (b) shall be presumed invalid for certification under Subchapter C unless the program is approved in writing by the commissioner.
Added by Acts 2009, 81st Leg., R.S., Ch. 362 (H.B. 1294), Sec. 1.002, eff. September 1, 2009.