Question

Which of the following is TRUE regarding continuing education requirements of an agent or broker?

1. Any licensee shall satisfactorily complete 24 hours of instruction prior to license renewal.
2. Any licensee in good standing for 10 years may apply for exemption to the continuing education requirement if reputation has been proven.
3. An agent or broker licensed in life and health requires more continuing education hours than an agent or broker licensed in property and casualty.
4. A licensee who is 65 years or older shall be exempt from continuing education hours if reputation of agent or broker is in good standing for 25 years.

Answer 1

An agent or broker licensed in life and health requires more continuing education hours than an agent or broker licensed in property and casualty.

Step-by-step explanation:

The correct statement regarding continuing education requirements of an agent or broker is that an agent or broker licensed in life and health requires more continuing education hours than an agent or broker licensed in property and casualty. This means that an agent or broker in the life and health insurance field would need to complete more hours of continuing education courses compared to an agent or broker in the property and casualty insurance field.

The other statements are not true. Option 1 is incorrect because the number of required continuing education hours varies by state, but it is typically more than 24 hours. Option 2 is incorrect because there is no provision for exemption based on reputation after being in good standing for 10 years. Option 4 is incorrect because age does not exempt a licensee from continuing education requirements.