Wyoming Requires Insurance Producers to Receive Long Term Care Partnership Training

To All,

Wyoming has joined about 33 other states in enacting legislation to authorize the sale of Long Term Care insurance policies known as Partnership plans. The Medicaid program in Wyoming (EqualityCare) is now making available the ability of insurers to offer these unique and special policies that offer asset protection/disregard for EqualityCare qualification purposes and for asset recovery purposes.

In order to market these special policies in Wyoming, all agents and brokers must have completed the required intitial training and ongoing training. The initial training must be completed by July 1, 2010. To view the training requirement memo issued by the Wyominig Department of Insurance, go here. For a consumer handout for individuals considering purchasing these special policy forms, go here.

I have developed an 8 hour initial Long Term Care Insurance Partnership training course as well as the 4 hour ongoing training course and plan to make these courses available to producers in Wyoming. For more information or to have me offer a live course to health insurance producers in Wyoming, contact me to discuss.

Best,

Jerry Furniss
The Licensing Guy

Wyoming Switches to PearsonVue Exams for Insurance Licensing

To All,

Wyoming has switched from the Thompson Prometric insurance exams to the PearsonVue insurance exams for the licensing of insurance producers in Wyoming. The PearsonVue insurance exams are considered a bit tougher, but I personally feel that the exams can be mastered if producers properly prepare. So, for those prepping for life, health, property, casualty, or surety exams, make sure that your prep material is designed for the PearsonVue exams, instead of the former Prometric versions.

I have experience assisting over 10,000 aspiring insurance agents master the PearsonVue insurance exams and have prep materials available that gets the job done. Email me for details of what I have available and I would be happy to steer you in the right direction.

Best,
Jerry Furniss
The Licensing Guy

3 Hour Ethics Courses Mandated for Insurance Producers

To All,

Many states, including Montana and Illinois, are requiring a three hour ethics course as part of an insurance producer's continuing education requirements. Montana's ethics course requirement takes effect for producers entering into their two year reporting cycle beginning January 1, 2010 or later. It is my understanding that the Illinois requirement is that the three hour ethics course must be taken as a live course, as opposed to online or self-study.

I recently worked with a company in Illinois to develop a three hour ethics course designed to meet that state's requirement and I am completing work on a course for Montana insurance producers as well.

If you are in the market for such a course or would like to share content on ethical dilemmas faced by insurance producers, please contact me. I am also traveling a bit and delivering a few live courses for other insurance schools and CE providers.

Jerry Furniss
The Licensing Guy