Life insurance producers can complete their continuing education requirements for their license renewal with the current and updated course. The course includes 20 hours of elective credits and four hours of current law and ethics education.The course begins with an advanced, in-depth look at life insurance policies currently offered in the marketplace and continues with updated material on life insurance taxation and qualified plans. Additional lessons include credit insurance, anti-money laundering, insurance technology, data security for insurance professionals and concludes with revised and current information on Florida laws and ethics.
The life insurance policies section includes revised information on policies that are currently sold in the marketplace, including term, permanent and group insurance contracts. As there have been numerous changes in life insurance taxation, the course details those changes and additions to federal life insurance taxation. Qualified plans are thoroughly discussed and the lesson provides material on qualified and nonqualified plans, contribution rules and limits and associated tax rules regarding disbursement of funds.
The course then moves on to recent legal and other issues facing the insurance industry and licensed insurance professionals. Lessons included in these areas discuss anti-money laundering and how it is affecting the insurance business, insurance technology and how it is used in the financial services and insurance fields, and a detailed lesson on data security and its importance in the insurance industry.
Course Format: Text
Credit Type: Life
Course ID(s): 126232
Approved By: Florida Department of Financial Services - Division of Insurance
- 20 Hour Life and Health Elective Course
- Life Insurance Policies [11 Activities]
- 01. Life Insurance Policies: Introduction
- 02. Life Insurance Policies
- 03. Term Insurance Policies Review
- 04. Whole Life Insurance
- 05. Whole Life Insurance Review
- 06. Flexible Premium Policies
- 07. Flexible Premium Policies Review
- 08. Specialized Policies
- 09. Specialized Life Policies Review
- 10. Group Life Insurance
- 11. Life Insurance Policies Conclusion
- Life Insurance Taxation [10 Activities]
- 01. Introduction to Federal Taxation of Life Insurance
- 02. Life Insurance Taxes
- 03. Introduction to Federal Taxation of Life Insurance Review
- 04. Modified Endowment Contracts: MECs
- 05. Modified Endowment Contracts Review
- 06. Taxation of Non-Qualified Annuities
- 07. Taxation of Non-Qualified Annuities Review
- 08. Taxation of Individual Retirement Accounts (IRAs)
- 09. Taxation of Individual Retirement Plans and Section 1035 Policy Exchanges Review
- 10. Conclusion
- Qualified Plans [5 Activities]
- 01. Introduction to Qualified Plans
- 02. Qualified Retirement Plan Basics
- 03. Introduction to Qualified Plans Review
- 04. Plan Types, Characteristics, and Purchasers
- 05. Plan Types, Characteristics, and Purchasers: Conclusion
- Credit Insurance [6 Activities]
- 01. Limited Lines Credit Insurance: Introduction
- 02. Introduction to Limited Lines Credit Insurance
- 03. NAIC Model Laws and Regulations
- 04. How Credit Insurance Works
- 05. Conclusion
- 06. End of Class
- Anti-Money Laundering [13 Activities]
- 01. Introduction to the Module
- 02. The History of Money Laundering: Origins
- 03. Steps in Money Laundering
- 04. National Efforts to Combat Money Laundering
- 05. Money Laundering Detection Review
- 06. Money Laundering and Insurance:How to Use Insurance to Launder Money
- 07. Notable Cases
- 08. Laws Regarding Money Laundering Review
- 09. Obligations of Insurance Industry in Preventing Money Laundering
- 10. Anti Money Laundering
- 11. Insurance Agent & Broker Obligations: Training
- 12. Preventing Money Laundering
- 13. Conclusion
- Insurance Technology [11 Activities]
- 01. Introduction: Insurance Technology: The Future is Now
- 02. Statistics
- 03. Understanding Insurance Technology
- 04. Is Insurance Ready for Insurance Technology?
- 05. Hurdles for Insurance Technology
- 06. Solutions and Advantages Presented by Insurance Technology
- 07. Benefits of Insurance Technology for Insurance as an Industry
- 08. Smaller Scale Insurance Technology Solutions
- 09. Problems and Disadvantages to Insurance Technology
- 10. The Real Future for Insurance Technology and Insurance
- 11. Conclusion
- Data Security [23 Activities]
- 01. Data Security for Insurance Producers: Introduction
- 02. A History of Data and Information Collection
- 03. Insurance Technology: Insurtech and the Users of Data
- 04. The Big Three and Other Data Collectors
- 05. Healthcare and Data Collection
- 06. Insurance Companies as Data Collectors
- 07. Once Information Has Been Collected
- 08. Cyber-Risks
- 09. The Scope of the Problem
- 10. Well-Known Types of Cyber Attacks
- 11. Lesser Known Cyber Attacks
- 12. Hackers and Why They Do It
- 13. The Monster Gets Bigger and the Fluidity of Attacks
- 14. Consumers Protecting Themselves
- 15. The Next Simple Steps
- 16. When the Worst Happens
- 17. Cyber Risk Insurance
- 18. Protecting Producers' and Insurers' Information
- 19. Health Insurance Portability and Accountability Act: HIPAA
- 20. The Gramm-Leach-Bliley Act and the Fair Credit Reporting Act
- 21. A Word About the Tools for Compliance
- 22. The Future of Data Security in Insurance
- 23. Conclusion/End of Class
- Life Insurance Policies [11 Activities]
- Final Exam
- Final Exam Affidavit
- Final Exam (105 questions)
- Course Completion
- Mandatory Questionnaire
- Certificate of Completion
- Guaranteed Next-Day Reporting
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