State required training for insurance producers that sell annuity products.

Initial Training
Hours: 4
Frequency: One-time training must be complete prior to selling annuity products.

Effective January 1, 2022, licensees who sell annuity products will need to complete an annuity course covering the NAIC Best Interest Standards.

• Licensees who have already completed a 4-hour annuity course prior to 1/1/2022 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course.
• Licensees who have not completed a 4-hour annuity course must take the annuity best interests course prior to selling annuities.

*Students may take the courses prior to the effective date but should check with their carrier to ensure they will accept the best interest course prior to the effective date. Residents who have completed training including the NAIC Best Interest Standards in another state with laws similar to Alabama law will be deemed compliant with this requirement.

Additional Information

State required training for insurance producers that sell long-term care products.

Initial Training
Hours: 8
Frequency: One-time training must be complete prior to selling LTC products.

Ongoing Training
Hours: 4
Frequency: Ongoing training must be completed every 24-month period following the completion of the initial training and every 24-months thereafter.

Additional Information

State required training for insurance producers that sell flood insurance products.

One-Time Training
Hours: 3
Frequency: One-time training must be complete prior to selling flood insurance products.

Additional Information

As clarified by FinCEN’s final rulings, the USA PATRIOT Act stipulates that financial services companies involved in the sale of covered products maintain an ongoing training program for all associates who are involved in any sale and administration of covered products. Please consult your firm on how to report WebCE courses for this training.

Additional Information

Alabama Code 27-62-4 states, companies are required to provide personnel with cybersecurity awareness training. Please consult your firm on how to report WebCE courses for this training.

Additional Information

The license term ends on the last day of the producer's birth month, every 2 years. Even birth years renew every even year. Odd birth years renew every odd year.

Producer/Adjuster licenses may be renewed as early as 90 days prior to the licensee’s birth month until the last day of their birth month, and within a grace period of 30 days after the last day of their birth month with a late fee added to the regular renewal fee. If not renewed before the end of the grace period, the license will be expired.

Excess CE hours are not allowed to be carried forward to the next 2-year license term.

Courses cannot be repeated more than once in a 2 year license term.

Online and paper self-study.

Self-Study Requirements: Students should read the course material prior to taking a closed-book, proctored final exam.

The final exam is closed book, and no outside information may be used to complete the exam. If the final exam is not passed on the first attempt, students have an unlimited number of retakes.

Exam Requirements: Self-Study exams are closed-book and must be monitored by a disinterested 3rd party. The proctor must be with a minimum age of 18 years and can be any person except for family members, friends, or individuals who have a financial interest in the success of the student taking the examination. Co-worker proctors must not be above or below in the student's line of supervision.

Self-Study Final Exam: 70%

WebCE provides online, printable certificates in Alabama. Certificates of completion are available to print online immediately after the final exam is passed. Because WebCE reports CE credits directly to SBS, certificates should not be sent to the Alabama Insurance Department unless required for auditing purposes. Producers are required to maintain the original certificate of completion in his or her files.

Twice-a-Day Reporting: WebCE reports course completions to State Based Systems (SBS) twice every business day.

Non-residents who have satisfied the annuity best interest training requirements of another state that are similar to Alabama's law will be deemed compliant for Alabama's annuity best interest training requirement.

Non-resident insurance producers selling, soliciting, or negotiating LTC products in Alabama, who satisfy the training requirements of another state that are similar to Alabama's law will be deemed compliant for Alabama's requirement.

Any non-resident adjuster who has met the continuing education requirements in his or her designated home state and whose home state gives credit to residents of Alabama on the same basis. Non-resident adjusters from NY, CA and HI must still complete Alabama's continuing education as those states require Alabama adjusters to complete their CE.

The following are exempt from Alabama CE requirements:

• Individuals licensed for less than 12 months at the time of their first renewal.
• Non-resident producers in good standing with their home states.
• Non-resident adjusters who have met CE compliance requirements for their resident state or designated home state. If there is no CE requirement for the non-resident adjuster's resident state or designated home state, they might be required to complete Alabama CE. For more on this exemption, please go to the Alabama DOI Website.
• Any producer whose license is limited to acting only as a producer for credit insurance, rental vehicle insurance, crop, portable electronic, travel, motor club, dental services, and legal services, or any combination thereof.
• Producers licensed in Alabama for 15 years and who are at least 60 years of age. Note: Only those who were qualified for this exemption before the date of January 1, 2013, may continue the exemption and will be grandfathered in. They may continue to request exemption unless the license goes inactive for over a year, in which case this exemption will no longer apply.
• Any person licensed only for limited lines insurance, industrial fire, commonly known as debit fire, insurance, or any combination thereof prior to January 1, 2013.
• Any person who holds a designation as a Chartered Property and Casualty Underwriter, Certified Insurance Counselor, Chartered Life Underwriter, Chartered Financial Consultant, Certified Financial Planner certificant, Registered Health Underwriter, Registered Employee Benefits Consultant, Certified Health Consultant, or Associate Risk Manager prior to January 1, 2013.
• Officers of insurers who are not engaged in the active sale of products prior to January 1, 2013.
• Persons who are active members of the Alabama legislature during any portion of the biennial reporting period prior to January 1, 2013.

Producers who are exempt from CE, will still be required to complete LTC training. The Federal Law will not allow exemptions for LTC.