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 July 1st, 2021, 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 7/1/2021 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course. Licensees will only have until 12/31/2021 to be able to take the 1-hour course.
• Licensees who have not completed a 4-hour annuity course must take the annuity best interests course prior to selling annuities.

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. Producers may take any 8-hr NAIC approved LTC course for use in any licensed state.

Ongoing Training
Hours: 4
Frequency: Ongoing training must be completed every license period, following the initial training requirement. Producers may take any 4-hr NAIC approved LTC course for use in any licensed state.

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

The license term is every 2 years, ending on the last day of the producer’s birth month in odd- or even-numbered years. Producers born in an even-numbered year must complete their CE in even-numbered years. Producers born in an odd-numbered year must complete their CE in odd-numbered years.

A renewal notice is mailed to the producer by the Nebraska Department of Insurance approximately 90 days before a license expires. The producer may mail back the completed renewal form and $50 renewal fee to the Nebraska Department of Insurance (see state contact information below), or they may renew their license online at www.nipr.com. Agents must have their CE credit hours posted prior to their expiration date and prior to applying to renew their insurance license(s). Providers have 10 days to report your CE completions, so please plan accordingly to avoid a lapse in licensure.

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.

Producers may complete the Nebraska CE requirements through self-study. The self-study courses WebCE offers are online.

Self-Study Requirements: Students must read the course material and answer each set of end-of-chapter quizzes with a score of at least 70 percent prior to taking the monitored final exam.

• Online: Once the exam is opened for an online course, access to the course material is restricted until the exam has been graded.
• The final exam must be passed with a grade of 70 percent or higher to receive credit. 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. Exams must be completed in one session. A disinterested third party is an individual with no family or financial relationship to the student. Therefore a monitor should not serve for examinations of family members, relatives, or dependents; employers or supervisors; employees or subordinates; partners, joint ventures, or co-owners; or anyone in whom the monitor or instructor has an economic or other interest in assuring the successful outcome of the examination.

Upon successful completion of the final exam, the student is required to return the completed Nebraska Affidavit of Course Completion form to WebCE for each course. For online courses, this form is completed online once the exam has been graded and passed.

Self-Study Final Exam: 70%

WebCE provides online, printable certificates of completion in Nebraska. Certificates of completion will be available to print online immediately after the final exam is passed. The producer must keep a copy of each certificate of completion in his or her files for 4 years. Certificates of completions should not be sent to the Department of Insurance unless requested for auditing purposes.

Twice-a-Day Reporting: WebCE reports course completions to State Based Systems (SBS) twice every business day. Students will pay a state filing fee of $1.00 per credit; these fees are forwarded to SBS.

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

Non-residents who satisfy the training requirements of another state that are similar to Nebraska's law will be deemed compliant for Nebraska's requirement.

Non-resident producers can renew their licenses online at www.nipr.com up to 90 days prior to license renewal date.

Licensees are exempt from CE requirements if one of following is true:

• Individuals who hold a limited-lines license for credit life/credit accident and health, auto mechanical breakdown, prepaid legal, motor club, prepaid dental, health maintenance organization, or unemployment credit insurance.
• Non-residents who are in good standing with his or her home state.