Noticias Útiles
En la Mira
Central de Educación
Esquina de Cumplimiento
Notas de Casos
Medidas Coercitivas


Publicación Actual
Asuntos Previos

Inicio del Departamento | Inicio de Agentes y Agencias | Inicio de Insurance Insights

  Vol. 9, No. 3 - Fall 2020

Central de Educación

Why keep getting Educated?

There are times when insurance professionals may feel like they know enough and further education is not needed. However, consider this: the vast universe which has yet to be fully explored still finds a need to constantly expand.

If constant expansion can be beneficial to our immense universe, a constantly expanding education can be beneficial in the insurance profession. Here are three ways:

Stay updated

The world of insurance is ever changing. Consider how these factors impact insurance companies' willingness to cover risk, the various elements of insurance contracts, and/or the responsibilities of insurance producers:

The results of claims
Insurance related litigation
Amendments in state laws
Weather events
Global events

How important is it to stay up to date on these variables that make up the day-to-day playing field for insurance professionals? Every 24 months, licensees are required to complete a 5-hour update course. Take some time to research and consider which course will be most advantageous to you.

Stay competitive

A difference existing between two customers of similar risks and circumstances, who bought similar homeowner policies, is the education they received from their insurance producer. The more educated a producer is the more likely they will be able to bring value added to their customer in the form of risk and coverage education. How important is it to stay equipped with meaningful knowledge to share with customers? How would that impact the customer's feeling about their decision on the agency with which to do business? While completing continuing education courses, take time to engage with the instructor and other seasoned professionals. Ask questions to get deeper understanding and real-life application of the subject matter.

Stay relevant

Customers in general like to have the most up to date version of their products. Therefore, as customers' needs change so should their insurance coverage. An airtight recommendation from three years ago, if not properly reviewed considering current changes, could potentially leave a customer with an unbearable gaping exposure. That type of mistake could also expose the insurance professional to a large E&O claim.

How important is it know and understand the new exposures facing consumers? Take time to research and consider courses that are relevant to the specific customers you serve daily.

Consider what attitude to have towards completing continuing education requirements. Get more than the "24". Invest yourself and stay updated, competitive and relevant.

Are You Compliant with Your CE or Not?

To be CE compliant requires more than just taking CE courses. Below are a few suggestions for remaining CE compliant:CE shrug

CE requirements change. You should regularly review your CE status through your Mi Perfil account. Your total hours have specific allocation requirements that must be met. Be sure to take all the right categories of CE courses.

Check for late hours. Hours taken after your due date will still post on your compliance evaluation screen, but they will be noted as "Late". Though your hours requirement may have been met, late completion of your continuing education requirement will result in penalties.

Check prior evaluation periods. Always check previous compliance periods to make sure you are not delinquent for a prior period. Be sure to click on VIEW ENFORCEMENT NOTICE just below the Not Compliant text to check for any outstanding fines.

Check your transcript. The same course cannot be taken with the same provider within a two-year period and receive credit. This is noted on your transcript as a duplicate course. You will need to take a different course to meet your CE requirement.

We wish you success in completing your hours to remain knowledgeable in an ever-changing insurance market. And remember, your CE compliance date is your DUE date, not your DO date.

Because many factors may affect your continuing education requirement (e.g. licenses held, number of years licensed, etc.), we encourage you to periodically check your Mi Perfil account to determine your individual continuing education compliance requirements and status. You will also be able to find more approved CE courses after logging in to your Mi Perfil account versus the public search option, which limits the results to the first 100 course offerings.

Legal Notices © 2020 Florida Department of Financial Services