Ins 28.06(6)(a)20.20. Ethical considerations in selling, soliciting, and negotiating life settlements Ins 28.06(6)(b)(b) The following course topics are examples of subjects that do not qualify for approval: Ins 28.06(7)(a)(a) The fee to be paid for each course submission by each provider shall be set through a competitive bid process not to exceed statutory limits identified in s. 601.31 (1) (x) 3., Stats. Ins 28.06(7)(b)(b) The fee to be paid for each course submission by each provider for recognized programs of study identified in s. Ins 26.06 (2) (b) 4., 5., and 6. shall be the same as provided in par. (a), not to exceed 8 times the credit hour fee per course. Ins 28.06(7)(c)(c) The fee to be paid for each course renewal by each provider shall not exceed 4 times the credit hour fee per course. Ins 28.06(8)(8) Notification. Within 10 days of a change to an approved course, approved providers shall notify the commissioner of any course information as required in sub. (5) (c) that has changed since filing (and on which course approval was based) with the commissioner. Ins 28.06 HistoryHistory: Cr. Register, November, 1995, No. 479, eff. 12-1-95; am. (6) (b) 7., renum. (6) (b) 10. to be (6) (b) 12., cr. (6) (b) 10., 11., 13. and (7) (b), Register, January, 1999, No. 517, eff. 2-1-99; correction in (1) (a) made under s. 13.93 (2m) (b) 7., Stats.; CR 01-074: cr. (7) (c), Register January 2002 No. 553, eff. 2-1-02; CR 05-111: cr. (6) (a) 16. Register October 2006 No. 610, eff. 11-1-06; correction in (1) (a) made under s. 13.93 (2m) (b) 7., Stats., Register October 2006 No. 610; CR 09-022: r. (1) (a), am. (2) (b) 3., (5) (a), (f) and (7) (b) Register August 2009 No. 644, eff. 9-1-09; CR 10-151: cr. (6) (a) 17. to 24. Register August 2012 No. 680, eff. 9-1-12; CR 19-025: am. (1) (intro.), (4), (5) (c) 3., renum. (6) (b) 5., 7., 13. to (6) (a) 25. to 27. and am. Register August 2020 No. 776, eff. 9-1-20; correction in (4) made under s. 35.17, Stats., Register August 2020 No. 776, eff. 9-1-20. Ins 28.07Ins 28.07 Evidence of attendance for continuing education courses. Ins 28.07(1)(a)(a) Providers shall provide an original certificate of continuing education to each intermediary within a reasonable period after completion of a continuing education course. Original certificates may be provided electronically unless a hard copy is requested by the intermediary. One additional original individual certificate of continuing education shall be provided to a student upon request and at no additional charge. Every intermediary shall maintain a record of all courses attended by keeping the original certificates of completion for 4 years after the end of the year of attendance. Ins 28.07(1)(b)(b) Certificates of continuing education shall be issued on company letterhead to each agent completing an approved course and shall contain the agent’s name, National Producer Number, course title and number, date the course was completed, number of approved credit hours, name of provider and provider license number, signature of authorized provider representative, and the date issued in a form acceptable to the commissioner. Ins 28.07(1)(c)(c) Certificates of continuing education shall be signed by authorized provider representatives whose signatures are on file with the commissioner. Ins 28.07(1)(d)(d) The date indicated on the certificate of continuing education shall be the date of the class attended by the student, or on the date on which the intermediary successfully completed an examination for courses identified in s. Ins 26.06 (2) (b) 4., 5., and 6. Ins 28.07(1)(e)(e) Intermediaries shall not claim credit for any course [for] which they did not attend all required credit hours or complete all requirements. Ins 28.07(1)(f)(f) Intermediaries may not claim credit for prelicensing education currently approved as a continuing education course to be applied toward their continuing education requirements for an original license. Individuals may receive credit if they are adding qualifications to an existing license and the provider and course has been approved for continuing education credit. Ins 28.07(2)(2) Providers shall submit to the commissioner an electronic list of course attendees, which includes the intermediary’s last name and National Producer Number. Submission of the course completion information will certify that the students listed personally completed the reported instruction. The electronic list shall be furnished to the commissioner within 10 days following the date of completion of continuing education programs. Ins 28.07(3)(3) The provider of a continuing education program shall maintain attendance records for 4 years after the end of the year of attendance. Ins 28.07 HistoryHistory: Cr. Register, November, 1995, No. 479, eff. 12-1-95; am. (1) (b) and (2), Register, January, 1999, No. 517, eff. 2-1-99; CR 01-074: cr. (4), Register January 2002 No. 553, eff. 2-1-02; CR 05-111: am. (2), r. (4) Register October 2006 No. 610, eff. 11-1-06; CR 09-022: am. (1) (d), cr. (1) (f) Register August 2009 No. 642, eff. 9-1-09; CR 19-025: am. (1) (a), (b), (d), (f), (2), (3) Register August 2020 No. 776, eff. 9-1-20. Ins 28.08(1)(1) Correspondence, self-study, audio or video, and on-line training courses may be approved if they meet the criteria under s. Ins 28.06 (6) and include successful completion of a certified proctored examination. Ins 28.08(2)(2) The examination shall consist of a minimum of 25 questions for courses approved for 3 or less credit hours, and a minimum of 50 questions for courses approved for more than 3 credit hours. A passing score of 70% or greater is required. Ins 28.08(3)(3) An approved proctor is an impartial, disinterested third party or currently licensed agent with no family or financial relationship to the student. The proctor shall verify the agent’s identity and complete an affidavit supplied by the approved provider testifying that the agent received no outside assistance. Membership in a professional association/organization does not constitute a financial relationship. Ins 28.10(1)(1) The commissioner, or a duly appointed representative, shall investigate and review all provider and course applications and may investigate or examine previously approved providers, courses, and instructors. The method and timing of the reviews shall be determined by the commissioner in each case and may consist of any of the following: Ins 28.10(1)(a)(a) Consideration of information available from state, federal, or local agencies, private organizations or agencies, or interested persons. Ins 28.10(1)(b)(b) Conferences with officials, representatives, and former students of the provider involved. Ins 28.10(1)(c)(c) A public hearing respecting the program, course, or instructor involved, with adequate written notice to the provider, instructor, or both. Ins 28.10(1)(d)(d) Investigation by visitation without notice to the provider. Ins 28.10(1)(e)(e) Information furnished by the applicant with any application for approval. Ins 28.10(1)(f)(f) Any other information the commissioner or representative deems relevant to the investigation. Ins 28.10(2)(2) The commissioner may also investigate or examine any provider, course or instructor upon receipt of a complaint from any person. Ins 28.10(3)(3) The commissioner may examine the provider under ss. 601.43 and 601.44, Stats., and bill the reasonable costs of the examination to the program under s. 601.45, Stats. Ins 28.10(4)(4) If, after investigation or examination, the commissioner denies or withdraws approval of any program, course, or instructor, written notification shall be given with reasons for such action. The denial or withdrawal constitutes an order pursuant to s. 601.62 (3) (a), Stats., and the provider or instructor may request a hearing before the commissioner under that section. Ins 28.10 NoteNote: A free copy of each form referenced in this chapter may be obtained from the Office of the Commissioner of Insurance, P. O. Box 7872, Madison, Wisconsin 53707-7872 or on the office of the commissioner of insurance website at http://oci.wi.gov/. Ins 28.10 HistoryHistory: Cr. Register, November, 1995, No. 479, eff. 12-1-95.
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