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DEPARTMENT OF INSURANCE, SECURITIES, AND BANKING
NOTICE OF PROPOSED RULEMAKING
The Commissioner of the Department of Insurance, Securities, and Banking (“Department”), pursuant to the authority set forth in Section 18 of the Producer Licensing Act of 2002, effective March 27, 2003 (D.C. Law 14-264; D.C. Official Code § 31-1131.18 (2009 Repl.)), hereby gives notice of intent to adopt the following amendments to Subtitle A of Title 26 (Insurance), Chapter 1 (Licensure as Insurance Producer), of the District of Columbia Municipal Regulations (DCMR), in not less than thirty days from the date of the publication of this notice in the D.C. Register.
The amendments require producers to submit applications for licensure within one (1) year of taking the pre-licensure examination, pursuant to D.C. Official Code § 31-1131.05, or risk having their score deemed invalid and the associated fee forfeited. The one-year requirement implements § 31-1131.05 and is consistent with the Commissioner’s obligation of ensuring that producer applicants demonstrate knowledge of the most up-to-date insurance laws and regulations of the District, the latest trends relative to the lines of authority for which the application is made, and the current practices associated with the duties and responsibilities of insurance producers. The amendments also codify the requirement that producer applicants achieve a minimum passing examination score of 70.
Chapter 1, Title 26A, District of Columbia Municipal Regulations, is amended as follows:
Subsection 100.3 is amended to read as follows:
100.3 (a) An applicant for a resident producer license shall:
(i) Submit a properly completed application and pay the required fee as provided in Section 105 of this chapter;
(ii) Have passed the written examination required by D.C. Official Code § 31-1131.05 with a minimum score of 70, and within one (1) year of submitting an application; and
(iii) Comply with the procedures established by the service provider selected by the Commissioner to administer the examination and collect the non-refundable fee applicable thereto.
(b) If an applicant fails to submit an application within one (1) year of passing the written examination as required by this subsection, the examination score shall be deemed invalid and the applicable fee shall be forfeited.
(c) An applicant whose examination score is determined to be invalid under paragraph (b) of this subsection may reapply for the examination.
Persons desiring to comment on these proposed rules should submit comments in writing to Phil Barlow, Associate Commissioner, Insurance Bureau, Department of Insurance, Securities, and Banking, 810 First Street, N.E., Suite 701, Washington, D.C. 20002. Comments must be received not later than thirty (30) days after the date of publication of this notice in the D.C. Register. Copies of the emergency and proposed rulemaking may be obtained from the Department at the address above.
