The Indiana General Assembly is considering legislation that would, among other things, require title insurance producers to complete seven hours of continuing education in a combination of specific subjects.
The bill, HB 1238, was introduced by Reps. Matt Lehman, R-Berne, and Martin Carbaugh, R-Fort Wayne.
It states, “To renew a license issued under IC 27-1-15.6, a limited lines producer with a title qualification under IC 27-1-15.6-7(a)(8) must complete at least seven hours of credit in continuing education courses related to the business of title insurance, in a structured setting or comparable self-study, in any of the following or any combination of the following:
- Ethical practices in the marketing and selling of title insurance, including provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act set forth in 12 U.S.C. 2608.
- Title insurance underwriting.
- Escrow matters.
- Matters concerning regulation by the department.
The synopsis notes that under current law, a limited lines producer with a title insurance qualification is required, in completing at least seven hours of continuing education, to take at least one hour of instruction at least one hour of instruction in each of four specific subjects.
It also exempts insurance producers who are at least 62 years of age from the requirement to complete continuing education courses as a condition of insurance producer license renewal.