which persons are exempt from the continuing education requirement?

CPE program sponsors must use activities, materials, and delivery systems that are current, technically accurate, and effectively designed. Agree to compensate an agent for selling plans that vary in number of participants. If a premium is collected at the time of the application, the producer will issue a: If the insurer issues a health insurance policy without an initial premium, the producer must obtain a signed: The specified period that must elapse before new coverage is effective for nonaccidental losses is known as which of the following? 17. 18. What is the initial coverage of a newborn children must continue for at least ___ days? A licensed agent is required do which of the following before transacting insurance in Texas? We strongly suggest that when you take a poor course, e-mail us at [email protected], and tell your associates. CPE program sponsor. A professional designation program is defined in the 28 TAC 19.1010. the recognized professional competence of the instructors or presenters. Such feedback restates why the answer selected was correct. Ultimately the CPE credit claimed is the responsibility of the individual member. 1. CPAs fields of employment do not limit the need for CPE. Handout or advance preparation materials were satisfactory. and thereby help to ensure that CPAs receive the quality CPE necessary to satisfy their obligations to serve the public interest. Therefore, it is imperative that CPE program sponsors exercise great care in selecting qualified instructors for all group programs. 70-Hour Long-Term Care Worker Basic Training. Imply that an insurer is endorsed by a government entity. The underlying principle is that all programs should contribute to a member's professional competence. A collection of learning activities that are designed and intended as continuing education and that comply with these standards. While intoxicated, he was injured as the driver in a single car accident. Which of the following life insurance policies has a current and guaranteed maximum premium stated in the policy? The following standards are issued jointly by the AICPA and NASBA. (c) Show how comprehensive income is reported using the second income statement format. education, experience, and/or advance preparation, if any, in precise language so that potential participants can readily ascertain whether they qualify for the program. Integral aspects in the learning environment that New Members-For those individuals joining the AICPA on January 1, 1990, and thereafter ("new members"), the three-year reporting period and the CPE requirements begin in the calendar year following the year membership commences. 4. with those standards that apply to individual accounting professionals-namely, the standards in these sections: General Standards, Standards for CPE Program Measurement, and Standards for CPE Program Reporting. By paying their dues each year, members affirm they are in compliance with the CPE membership requirements. Part B of Medicare excludes which of the following medical expenses? Life and health insurance consultants who are also licensed both as life and annuities insurance agents and as health agents and who satisfy the continuing education requirements needed for continuation of their life and annuities and health agent licenses; and. Writing published articles, books or CPE programs may also qualify. 03. If these two conditions are not met within 90 days of the license expiring, the license will be inactivated, and the licensee will have to apply for a new license. Many of the federal laws affecting education are based on broader concerns, such as civil rights and free speech. Self-study programs requiring only the reading of general professional literature, IRS publications, or reference manuals followed Which of the following Annuities can it be said that it has 'upside potential, but no downside risk' when it comes to the stock market overall? Learning activity level most useful for individuals with mastery of the particular topic. All programs must clearly identify prerequisite Which of the following qualified plans puts the investment risk entirely on the employer sponsoring the plan? 1. Exemptions from, and extensions of time for a licensee to complete CE hours are possible, under very limited circumstances. Loading includes all of the following, except: A life insurance applicant wants a combination of savings and insurance protection with guarantees. What prohibited trade practice does an agent commit when he lies about policy terms in order to convince a policyholder to cancel an existing policy in order to buy a new policy? 04. For instruction credit, a certificate or other verification supplied by the CPE program sponsor. 01. CPE program sponsors should develop and execute learning activities in a manner consistent with the prerequisite education, experience, and/or advance preparation of participants. from the one for which the exception applies, the CPE requirement begins in the calendar year following the change. 40. Wholesale - the reduced cost to the individual insured as the employer picks up the plan administration expenses. "Qualifying" courses, not certified by TDI, may also be used for credit, as described in 28 TAC 19.1010. CPE program sponsors should periodically review evaluation results to assess program effectiveness and should inform developers and instructors of evaluation results. Accept the written recommendation of the CPE program sponsor as to the number of credits to be earned upon successful completion of the proposed learning activities. For the writer to receive CPE credit, the article, book, or CPE program must be formally CPAs should contact each appropriate entity to which they report to determine its specific requirements or any exceptions it may have to the standards presented herein. U.S. District Judge Sul Ozerden issued the decision Monday in a lawsuit filed last year by parents who say their religious beliefs have led them to keep their children unvaccinated. An automatic fine of $50 per credit hour applies if a licensee fails to comply with what continuing education requirement? Advanced. those components that are recommended for CPE credit. Who among the following are NOT exempt from continuing education requirements? It certifies the insurer is authorized to transact insurance in this state. The key to an extension being granted is proper documentation of a circumstance described in the rule that is beyond the licensee's control. 24 hours of continuing education is required for each license period. Standard No. CPE credits should be recommended based on the In the event that an insured receives a periodic benefit as the result of exercising the Accelerated Death Benefit Rider, what information must the insurer provide to the insured? Independent study is an educational process designed to permit a participant to learn a given subject under the guidance of a CPE program sponsor one-on-one. Here's a list: Architects (if an owner, officer or employee is This website does not constitute legal advice. The AICPA will verify compliance on a test basis. 1601 Congress Avenue, Austin, TX 78701 | P.O. Continuing Professional Education (CPE). (2) If a licensee does not complete the 24 hours of CE before the expiration date of the license, the licensee will have 90 days to complete the deficient number of hours and pay a fine of $50 per deficient hour. Only the portions of committee or staff meetings that are designed as programs of learning and comply with these standards qualify for CPE credit. WebWHO IS EXEMPT FROM CONTINUING EDUCATION REQUIREMENTS? A new license will not be granted until the deficient CE hours are completed and the fine is paid. Program materials were relevant and contributed to the achievement of the learning objectives. Which of the following accurately describes a small business during the preceding calendar year? 32, 706. self-study, or independent study programs. 38.2-1871 Licensees exempt from continuing education . Compliance can be achieved either by They should retain evidence of satisfactory completion for a period of five Learning activity level that provides a general review of a subject area from a broad perspective. A SEP uses employer funded _______ accounts. NOTE: Licensees may not renew early to avoid the education obligation. See Appendix A of Section 8000 for these detailed policies): .03 A member firm shall require and monitor all professionals in the member firm, regardless of whether they are AICPA members, to adhere to the following Statement on Standards for CPE Programs Issued Jointly By the AICPA and NASBA ("AICPA CPE Standards", Self-study programs use a pilot test to measure the average completion time 07. To request an exemption from completing CE hours, or an extension of time to complete CE hours, submit TDI form FIN517, Application for Licensee Exemption or Extension form. 13. CPE program sponsors must provide descriptive materials that enable CPAs to assess the appropriateness of learning activities. Commentary. 04. requirements. Outlines the maximum CPE credit that will be awarded for the independent study program, but limits credit to actual time spent. and submit it with your application for license renewal. Which of the following may the Commissioner NOT do if he/she cancels or revokes an insurance license? When does a company satisfy a performance obligation? Examples include a long term illness, or military service in a theater of war. The grace period for an individual health insurance policy being paid on a quarterly basis is: When employers who self-fund their employee benefits form a larger group in order to offer health insurance benefits to each employer's workers, it is called a (an): Multiple Employer Welfare Association (MEWA). WebSuch covered person must complete any continuing education required under this paragraph (a)(3) within 120 days of the covered person becoming subject to the statutory 1. to the AICPA each year and shall keep appropriate records and submit copies of such on request of the Institute. Q & A - What if I live outside of California, can I prepare California tax returns? 02. The grace period for an HMO policy is for how many days? Each member must only claim credit for the formal programs of learning he or she actually completed that contributed to his or her professional competence. To guide participants through a learning process, CPE program sponsors of self-study programs must elicit participant responses to test for understanding of the material, offer evaluative feedback to incorrect If objective type questions are used, at Specifies the nature of the independent study program and the time frame over which it is to be completed, not to exceed 15 weeks. Commentary. The expertise needed to undertake professional responsibilities To the extent a member is in the role of a program developer or sponsor, he or she must also comply with the developer and sponsor standards. for CPE requirements begins in the calendar year following their reinstatement. 11. Indexed - the interest credited can be higher if the index the policy is linked to goes up, but just in case the index goes down it does not affect the cash values of the policy in a negative way. Which of the following is not a prohibited marketing practice for the small employer insurer? The credits cannot exceed Prerequisites should be written in precise language so that potential participants can readily ascertain whether they qualify for the program. Learning activity level that provides a general review of new developments. For example, the AICPA's continuing education requirement covers a three-year period For university or college non-credit courses that meet these CPE standards, CPE credits shall be awarded only for the actual classroom time spent in the non-credit course. Furthermore, any continuing professional education hours claimed during the two-month period to make up any For example, five 30-minute presentations would equal 150 minutes These regulations apply to: a) all Members and Relevant Persons who are not exempt pursuant to regulations 5 and 7, b) all ICAEW Member firms, and c) all Other Firms.. 3. repeat presentations, CPE credit can be claimed only if it can be demonstrated that the learning activity content was substantially changed and such change required significant additional study or research. 2 or more employers in the same industry and 1 or more labor unions. Project. 1. A CPE program sponsor of independent study learning activities must have expertise in the specific subject area related to the independent study. WebWho does not qualify for exemption from continuing education requirements necessary to maintain an insurance license? To accomplish this, CPE program sponsors must inform participants in advance of: 18. the Internet. Ultimately, who will be responsible for proving that a policy was delivered, if not accomplished through reasonable means? in the SEC Practice Section, the term member as used in the AICPA CPE Policies and the AICPA CPE Standards, shall mean all professionals in the member firm. 04. What are the expected number and the standard deviation of the number of successes? \text { Extraordinary gain } & \$ 95,000 & \text { Cash dividends declared } & \$ 150,000 \\ Additionally, firms with offices in more than one state that are required to employ different periods in each state for maintaining compliance with continuing professional education requirements are deemed to be in compliance with the SECPS's See Appendix B of Section 8000 for these detailed standards): .04 All professionals in the member firm, regardless of whether they are AICPA members, shall be required to adhere to these AICPA CPE Policies and AICPA CPE Standards. Using independent reviewing organizations familiar with these standards may enhance quality assurance. 01. 36. Defined Benefit - the sponsoring employer takes on the responsibility for making sure the money will be available to fund the pension retirement checks for retired employees. If youre reading this for anything important, you should double-check its Which of the following statements regarding Roth IRAs is FALSE? Commentary. The CPE program sponsor's registration policies and procedures should be formalized, published, and made available to participants. Nonresident agents who furnish evidence in the form and manner required by the Board of their current good standing in their home state, provided that the insurance supervisory official of the nonresident agents home state will grant similar exemptions to Virginia residents. For university or college non-credit courses, a certificate of attendance issued by a representative of the university or college. The set of activities that enables CPAs to maintain and improve their professional competence. 03. WebUnless otherwise exempt, every active New Jersey licensed attorney in good standing is required to complete 24 credit hours of continuing legal education every two years. years after the completion of the educational programs. \text { Loss on discontinued operations } & 75,000 & \text { Retained earnings January } 1,2010 & 600,000 \\ Structured processes that help CPAs guide their professional development. Specifies that the output must be in the form of a written report that will be reviewed by the CPE program sponsor or a qualified person selected by the CPE program sponsor. An integral part of the lifelong learning required to provide competent service to the public. Copyright 2003-2023 Public Company Accounting Oversight Board. For potential participants to effectively plan their CPE, the program sponsor should disclose the significant features of the program in advance (e.g., through the use of brochures, Internet notices, invitations, How does it treat amounts that are owed to/from various subsidiaries? developed by the Free Law CPAs are responsible for accurate reporting of the appropriate number of CPE credits earned and should retain appropriate documentation of their participation in learning activities, including: (1) name and contact information of CPE program sponsor, (2) title and description of content, (3) date(s) of program, (4) location (if applicable), and (5) number of CPE credits, all of which should be included in documentation provided by the CPE program sponsor. application using eLicensing. Learning activity. Interest earned on dividends left on deposit with the insurer. With a Contributory Group Life Plan, what percentage of the employees must participate? CPE program sponsors should provide participants with documentation to support their claims of CPE credit. NAIC Model Law 27. A firm should be prepared to justify any decision not to require a part-time professional to participate in the required number of continuing professional education hours. CPE program sponsors should evaluate the instructor's performance at the conclusion of each program to determine the instructor's suitability to serve in the future. The right to use the title "Certified Public Accountant" (CPA) is regulated in the public interest and imposes a duty to maintain public confidence and current knowledge, skills, and abilities in all areas in which they provide services. Standard No. they maintain and/or increase the accounting professional's competence. For self-study courses being published for the first time after December 31, 2002 -- upon publication. A Licensee who has received a 4-year degree, or higher, in real estate, from an accredited institution of higher education is exempted from the post license education requirement. CPE program sponsors are expected to present learning activities that comply with course descriptions and objectives. Such requests must be submitted in writing to the CPE Division of the AICPA. Which of the following is an example of what an advertisement cannot do? Self-study programs must employ learning methodologies that clearly define learning objectives, guide the participant through the learning process, and provide evidence of a participant's satisfactory completion of the program. John is liable for all expenses - According to the Intoxicants and Narcotics Provision (an Optional Uniform Provision), the insurer may deny coverage for John's injuries, making John liable for all expenses. FIN517, Application for Licensee Exemption or Extension, Sircon/Compliance Express - Look up education courses/credits menu, General Lines - Life, Accident, Health, and HMO (LAH), General Lines - Property and Casualty (PC), Personal Lines Property and Casualty Agent, Adjuster renewal and reexamination requirements, Exemption from and extension of time to do CE, Requirements for successful course completion (CE), Failure to comply (licensee and provider), Adjuster prelicense course and examination requirements, Continuing Education Information for Agents and Adjusters, State Auditor's Office Hotline: 800-TX-AUDIT. Under the Legal Actions Mandatory Uniform Provision, an insured must wait at least _____ days after providing proof of loss before he or she can take legal action against the insurer. Learning activities must be developed by individuals or teams having expertise in the Commentary. Members will have wide latitude in selecting continuing education programs suitable to their professional activities. For self-study programs, a certificate supplied by the CPE program sponsor after satisfactory completion of an examination. .01 Continuing Professional Education (CPE) is the term used by the SEC Practice Section to describe educational activities that assist a member firm's professionals (as defined in paragraph 8000.09) in achieving and maintaining Commentary. Self-study programs must be based on materials specifically developed for instructional use. up-to-date and accurate, no guarantee is made as to its accuracy. WebNew Jersey has contracted with PSI Services LLC to act as our prelicensing examination and continuing education reporting vendor. CPE credit. 12. determine credits, CPAs should claim credit only for activities through which they maintained or improved their professional competence. Commentary. Instructors or discussion leaders of learning activities should receive CPE credit for both their preparation and presentation time to the extent the activities maintain or improve their professional competence and meet the requirements of these CPE standards. 41. In order to receive credit for attending a classroom insurance continuing education course, how much of the course must a student attend? Continuing Professional Education (CPE) is the term used in these standards to describe the educational activities Which of the following is not covered with Medicare Part A? For CPAs, group programs and independent study -- January 1, 2002. To provide evidence of satisfactory completion of the course, CPE program sponsors of self-study programs must require participants to successfully complete a final examination : 2. For example, for learning activities in which participants could receive 8 CPE credits, instructors may receive up to 24 CPE credits (16 for preparation plus 8 for presentation). 20. instructor at a CPE program may qualify when it increases the instructor's professional competence. Continuing Education Extension/Exemption Request (RE 213) John has had his individual Health and Disability Income policies for many years. Specific responses to correct answers to questions in self-study programs. To protect the public interest, regulators require CPAs to document maintenance and enhancement of professional competence through periodic reporting of CPE. Which of the following is NOT a duty the Commissioner must administer? A request for exemption form is available from TDI. An HMO may not cancel a group for which of the following reasons? Thus, the concept of professional competence should be interpreted While every effort is made to keep all information An educational endeavor that maintains or improves professional competence. Acceptable subjects include accounting, assurance/auditing, consulting services, specialized knowledge and applications, management, taxation, and ethics. least five questions per CPE credit must be included on the final examination. reviewed by an independent party. Plans include: 16. 3. Court opinions are provided by CourtListener, which is In the absence of legal or other requirements, a reasonable policy is to retain documentation for a minimum of five years from the end of the year in which the learning activities were Complete the program of independent study in 15 weeks or less. When CPE programs are offered in conjunction with noneducational activities, or when several CPE programs are offered concurrently, participants should receive an appropriate schedule of events indicating Learning objectives are useful to program developers in deciding appropriate instructional methods and allocating time to various subjects. CPE program sponsors are responsible for compliance with all applicable standards and other CPE requirements. Managed Health Care attempts to contain costs by controlling the behavior of participants in all of the following ways, except: The Time Limit on Certain Defenses (Incontestable) period is _____ years under individual health and disability contracts. Intermediate. Standard No. These records should contain the following information for each individuals must be independent of the program development group and possess the appropriate level of knowledge before taking the program. 19. If applicable, individual instructors were effective. The extent and scope of such examination will be determined and administered by the AICPA. 06. and to serve the public interest. Web(i) Continuing Education Requirements for Brokers, Dealers, and Municipal Securities Dealers This paragraph prescribes requirements regarding the continuing education of specified registered persons subsequent to their initial qualification and registration with a registered securities association with respect to a person associated with a Income tax applicable to income from continuing operations $119,000; income tax applicable to loss on discontinued operations$25,500; income tax applicable to extraordinary gain $32,300; income tax applicable to extraordinary loss$20,400; and unrealized holding gain on available-for-sale securities $15,000. An educational process designed to permit a participant to learn a given subject without major involvement of an instructor. They establish a framework for the development, presentation, measurement, and reporting of CPE programs Commentary. 04. 13. Group program. Standard No. with those requirements shall vary by individuals (for example, the period might coincide with the date of the individual's license to practice), such periods may be used for determining whether there was compliance with the SECPS's continuing Every licensee must complete 2 continuing education hours on the topic of ethics. 10. Members have the option of selecting programs that relate to their specific jobs. Each course will indicate the number of hours and whether any count toward the ethics requirement. Learning activities to be undertaken to fulfill the learning plan. be documented by a certificate or other evidence of completion. Thus, learning The learning plan can be used to evaluate learning and professional competence development. Who has the authority to effect that policy change? 43. 37. Enter into a written learning contract with a CPE program sponsor who must comply with the applicable standards for CPE program sponsors. 08. Which of the following does not qualify for the local HMO program? It 06. Which of the following scenarios will trigger an income tax due? CPAs may participate in a variety of sponsored learning activities, such as workshops, seminars and conferences, self-study courses, Internet-based programs, and independent study. The complaint process, DRE's jurisdiction, and how to file a complaint, Helpful information for home buyers and borrowers, Information and tips specifically for the first-time homebuyers, View Information about the Consumer Recovery Account, Be notified of recorded activity on your property, View disciplinary actions taken against licensees and individuals for violations of the Real Estate Law, Self-schedule / reschedule an examination date, print a license certificate, renew a license, change of address, For Applications, Renewals, and License Changes, Apply for PRLS License, Description of Business, Contract Approvals, List of Licensees, Get urgent news and warnings, directly from DRE, Advisories, Alerts, Compliance Manuals, Reference Materials, Get an MLO license endorsement, fees, FAQs, Procedures, notices, disclosures, fine payment, Information every examinee needs to know before applying for the real estate exam, Guidance for Out-of-State Examinees and License Applicants, Self-schedule or reschedule your examination date, print a license certificate, renew a license, change of address, Exam scheduling and availability criteria, locations, exam format by location, Duration, Format, Method, Required Identification, Security, Exam Results, Re-Taking an exam, Find statutory/pre-license course offerings and locations, What You Need to Know about Marketing your Subdivision in California: The Public Report Process, Monthly List of New Applications for Public Reports, Guidance for Marketing or Selling Timeshare Interests in California, Operating Cost Manual for HOAs, budgets, FAQs, CID resources, List reflecting subdivider compliance with locally administered laws and ordinances, Continuing Education Extension/Exemption Request (RE 213). fn4 The terms "should" and "must" are intended to convey specific meanings within the context of this Joint AICPA/NASBA Statement on Standards for Continuing Professional Education Programs. 34. Credit is not granted to participants for preparation time. 18. 12. read 38.2-1871 on the official Code of Virginia website. Independent learning courses association, university, or other person or entity assuming full responsibility for the A. Resident or nonresident agents who have been issued a license during the last twelve months of the biennium in which such licenses are issued, and who are not otherwise exempt from the continuing education requirements for that license, shall be exempt from fulfilling the continuing education credit requirements set forth in this article for that license for that biennium. The sample group of at least three to standards for CPE program sponsors for each program sponsored by the member firm and (3) Compliance with additional CPE requirements of the SEC Practice Section. A learning activity, through a group program (Paragraph .07 above) or a self-study program (Paragraph .22 following), that is designed to permit a participant to learn the given subject matter via guidance for CPE program sponsors is available from the AICPA and NASBA; state-specific guidance is available from the state boards of accountancy. 22. Life and health insurance consultants who are For more detailed information about qualifying programs, please refer to the Statement on Standards for Continuing Professional Education (CPE) Programs which is included here [sections 100-400] as part of these policies.

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