Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

South Carolina Insurance Continuing Education (CE) Requirements

Mailing Address
Post Office Box 100105
Columbia, SC 29202

Physical Address
1201 Main St.
Suite 1000       
Columbia, SC 29201
Our hours of operation are Monday through Friday from 8:30 AM to 5:00 PM, except for State legal holidays

Contact Details
Ph: 803-737-6160
Fx: 803-737-6231

An insurance producer may not sell, solicit, or negotiate an annuity product unless the producer has completed an approved one-time four hour training course.

An insurance producer who holds a life insurance line of authority on the effective date of this regulation and who desires to sell annuities shall complete the training within six months of the effective date of this regulation. Individuals who obtain a life insurance line of authority on or after the effective date of this regulation may not engage in the sale of annuities until the annuity training course has been completed.

An individual may not sell, solicit or negotiate long-term care insurance unless the individual is authorized as an insurance producer for accident and health or life insurance has completed a one-time training course and ongoing training every 24 months thereafter. The one-time training course shall be no less than 8 hours and the ongoing training shall be no less than 4 hours.

This state has issued a notice reminding licensees who sell flood insurance of their requirement to comply with the minimum 3 hours of training requirements established by FEMA and the National Flood Insurance Program.

Resident Requirements

Licensees must complete a minimum of 24 continuing education hours biennially after the first two years of licensure, including 3 hours of Ethics training.
 

Licensees must complete 8 of the 24 hours in courses approved for the line(s) of authority held. If licensee holds both life/health and property/casualty authority, at least 8 hours must be completed in life/health courses and at least 8 hours must be completed in property/casualty courses.
 

The state of South Carolina has issued a notice reminding licensees who sell flood insurance of their requirement to comply with the minimum training requirements established by FEMA and the National Flood Insurance Program.

Non Resident Requirements

Nonresidents who meet their home state requirement are exempt from continuing education.
 

Non-resident producers may comply by paying the record keeping fee of $15 and meeting the requirements of their home state.

Course Repetition

Courses may not be repeated within 2 years of its original completion date.

Exam Rules

Online certification exams are closed book. Course materials are not available while the exam is in progress. The final exam must be passed with a score of 70% or higher to receive CE credit. If the exam is not passed on the first attempt, students have an unlimited number of retakes.

Proctor/Monitor Requirements

Online Exams must be monitored by a disinterested third party. A disinterested third party certifies that the licensee completed the exam without assistance (i.e., closed book, no tiling/layering of screens, etc.) and is someone who is not a friend, relative or co-worker of the licensee, nor anyone with a financial interest in the success of the licensee taking the examination.

Period Requirements

A producer’s license is effective for a two-year term based on the individual&arsquo;s birth month and birth year. In order for a producer’s license to continue, a producer must (1) renew the license; (2) pay the biennial license renewal fee to the Department; (3) comply with the state’s continuing education requirements; and (4) pay the recordkeeping fee to Prometric, the CE Administrator. The license will remain active if renewed by the last day of the licensee’s month of birth on a biennial basis so long as the license has not been suspended or revoked.

Carryover Requirements

A maximum of 18 hours may be carried over to next compliance period only.

Reporting Requirements

Report within 30 days of completion. Need Agent’s SSN or license number to report.

Instructor Credit

Individuals acting as instructors for continuing education courses receive the same amount of CE credit as his or her students receive for taking the class.

Exemptions

Credit hours earned to maintain the following designations may be used toward the 24 hour credit requirement: CLU, FLMI, CFP, LUTCF, RHU, REBC, or CHFC for a life/health, or CPCU or CIC for a property/casualty license. Many courses for maintenance of a designation are already approved for CE credit. Verify with Kaplan Financial whether the course is approved for South Carolina CE credit. If so, you will receive credits in the normal manner.

Acceptable Training Methods

  • Online (Internet Delivery)
  • Correspondence (Print)
  • Company Seminars
  • Classroom
  • CBT/CD-ROM (Computer-Based Training)

Notice

This information is based on state laws and regulations and is subject to change. Kaplan Financial Education makes every effort to make sure this information is current and accurate, however, Kaplan Financial Education is not engaged in rendering legal or professional advice and shall not be held responsible for inaccuracies contained herein.