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Continuing Education, Consider the "Cost of Ignorance"

Let’s face it, completing continuing education comes with a cost.

Whenever reminded of our CE requirement through a Department email, a correspondence from our compliance coordinator, or that little voice in our head, we tend to also be reminded of the time and money it will cost to take a class. Focusing on the cost alone can create temptation to procrastinate or just not "do it".

Let's be reminded the alternative to completing CE on time carries a cost too. That cost tends to be greater.

A former British government statistician and academic professional, Claus Moser, once said, "Education costs money, but then so does ignorance."
Let's consider the cost of not completing your continuing education requirements on time.

Money

- $250 fine to prevent the termination of appointments
- $60 for each appointment reinstatement if appointments are terminated
- Any potential fine for violating a law you weren't aware of but would have been had you attended the required 5-hour update course.

Hora

- Time calling the department about your situation
- Lost work time and income if appointments are terminated
- Time contacting all your carriers to reinstate any terminated appointments
- Time worrying about paying a fine

After all that, there will still be the cost of taking the required CE classes.
Therefore, it behooves licensees to pay the early price rather than the costlier price and complete our CE requirements on time.

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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 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.

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