One of your clients just reinstated his health insurance plan. 38. Standard No. The profession of accountancy is characterized by an explosion of relevant knowledge, ongoing changes and expansion, and increasing complexity. Standard No. All of the following types of qualified plans provide an employee with a retirement benefit based on the value of the employee's account at retirement, except: Who of the following must approve a change in coverage for it to be valid? A policy is issued with a rider. 41. \text { Administrative expenses } & 240,000 & \text { Cost of goods sold } & 850,000 \\ 35. Outlines the maximum CPE credit that will be awarded for the independent study program, but limits credit to actual time spent. the Commissioner that they are 70 years of age or older and have been "licensees in good standing" for 30 continuous years in If substantive changes are subsequently made to program materials further pilot tests of the revised program materials should be conducted to affirm or amend, as appropriate, the average completion time. Self-study program. (See SECPS 1000.08g (5)). For group and independent study programs, a certificate or other verification supplied by the CPE program sponsor. 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? Which of the following statements regarding Roth IRAs is FALSE? Q & A - What if I live outside of California, can I prepare California tax returns? The sample group of at least three In addition to the instructor, who must visually monitor a classroom continuing education course at all times? In order to receive credit for attending a classroom insurance continuing education course, how much of the course must a student attend? 32, 706. The rules are located in the Texas Administrative Code, and can be easily retrieved through theTexas Administrative Code Search Tool. Audio and video materials were effective. When does a company satisfy a performance obligation? Writing articles, books, or CPE programs for publication is a structured activity that involves a process of learning. This page contains continuing education (CE) information for Agents and Adjusters. Standard No. CPE program sponsors are expected to present learning activities that comply with course descriptions and objectives. TDI has created a Continuing Education Frequently Asked Questions webpage that contains valuable information regarding CE requirements. What is the initial coverage of a newborn children must continue for at least ___ days? Which of the following is an example of what an advertisement cannot do? 26. example, include subjects relating to the business or economic environments of the entities to which the professional is assigned. Which of the following is not a valid nonforfeiture benefit option required when the nonforfeiture provision is included in a life insurance policy? 15. They are dynamic instruments used to evaluate and document learning and professional competence development. Specific responses to correct answers to questions in self-study programs. Renewable with adjustable premiums, by classification only, NOT on an individual basis. Commentary. Email us at license@tdi.texas.gov. All Licensees: At least half the hours must be classroom or "classroom equivalent." CPE program sponsors should provide participants with documentation to support their claims of CPE credit. If an exemption has been granted, you may file your renewal C. Effective Date-These policies apply to all members and became effective as of January 1, 1990. Which of the following scenarios will cause the value of a life insurance policy death benefit to be included in the insured's estate? It Learning plans. Commentary. Webshould retain records documenting the completion of continuing education. 17. CPAs are responsible for compliance with all applicable CPE requirements, rules, and regulations of state licensing bodies, other governmental entities, membership associations, and other professional organizations A. Members-From January 1, 2001, forward and for each three-year reporting period thereafter, all AICPA members shall complete 120 hours, or its equivalent, of continuing professional education. 15. : 2. California Education Laws. CPE credits should be claimed only upon publication. 08. Limited lines producers who sell only credit life and health insurance, bail bonds, surety bonds, or travel accident and baggage insurance, producers 06. This level focuses on the development of in-depth knowledge, a variety of skills, or a broader range of applications. Hours credited toward a deficiency Retired and Inactive Members-For purposes of the CPE requirement, "retired" and "inactive" mean a member is in one of those categories for paying AICPA dues. Commentary. The ___________ decides which dividend option is in effect and can change their election at any time. |Privacy Policy and Terms of Use| Sitemap. 11. D. Changing Status-Members changing from or to public practice do not begin a new three-year reporting period. Members will have wide latitude in selecting continuing education programs suitable to their professional activities. 1. Useful information is available from the Sircon/Compliance Express - Look up education courses/credits menu, including the following: DISCLAIMER: TDI does NOT suggest or recommend courses by certifying them; nor is the quality of a course assured because it is certified. Which entities does Yum! Basic. Standard No. Which of the following is NOT a duty the Commissioner must administer? Thus, complying with the AICPA's policy may not necessarily maintain membership in state CPA societies or provide for continued Thus, the concept of professional competence should be interpreted The CPE program sponsor reviews and signs the participant's report, The CPE program sponsor reports to the participant the actual credits earned, and. CPE credit should be measured in whole hours and claimed only for the time a group study program is actually attended. It is (A) nationally recognized in the insurance industry, and is (B) issued by an entity that maintains a not-for-profit status and has been in existence for at least five years. 08. 10. 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? The 20 years of licensure needed to qualify for an exemption must be CONTINUOUS (no breaks greater that 90 days) and the license must be held under the Include a copy of your birth certificate or driver's license to verify your age along with supporting documentation which fn4. licensees are exempt from the continuing medical education requirements for the calendar year 2020, and no audit for 2020 will be conducted. Acceptable evidence of completion includes: 46. 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. CPE program sponsors of independent study learning activities must be qualified in the subject matter. A request for exemption form is available from TDI. Learning activities provided by CPE program sponsors for the benefit of CPAs should specify the level, content, and learning objectives so that potential participants can determine if the learning activities Number of CPE credits earned by participants. 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. Brands, Inc., consolidate? 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. from which the recommended CPE credit is determined. Program materials were relevant and contributed to the achievement of the learning objectives. Which of the following is correct with regard to Medicare Select policies? 22. Instructors, discussion leaders, or speakers who present a learning activity for the first time should receive CPE credit for actual preparation time up to two times the number of CPE credits to which participants NOTE: Licensees may not renew early to avoid the education obligation. Court opinions are provided by CourtListener, which is Which of the following is false regarding provisions for life policies? For example, the final examination for a five-credit course must include at least 25 questions. 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. 21. 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. However, the use of the publications and reference materials in self-study programs as supplements to the instructional materials could qualify if the self-study program complies with each of the CPE standards. 38.2-1871 Licensees exempt from continuing education . CPE program sponsors must employ an effective means for evaluating learning activity quality with respect to content and presentation, as well as provide a mechanism for participants to assess whether learning objectives were met. Powered by The State Decoded Commentary. Standard No. (2) Complete the required number of continuing education hours during a licensing period. If the applicant is willing to pay premiums only until the age of 65, at which time the policy is fully paid-up, which of the following should he/she purchase? education, experience, and/or advance preparation, if any, in precise language so that potential participants can readily ascertain whether they qualify for the program. 09. The individual or organization responsible for setting learning objectives, developing the program materials to achieve such objectives, offering a program to participants, and maintaining the documentation and to serve the public interest. 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). Professional Standard No. 07. 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. Sponsored learning activities must be based on relevant learning objectives and outcomes that clearly articulate the knowledge, skills, and abilities that can be achieved by participants in the learning activities. CPE credit for self-study learning activities must be based on a pilot test of the average completion time. Independent learning courses association, university, or other person or entity assuming full responsibility for the Which of the following is an acceptable underwriting practice regarding individuals of the same class? Members who are retired or exempt for any part of the year are exempt for the full year. WebLicensees shall be exempt from completion of the continuing education requirements (as specified in Title 16, California Code of Regulations, Section 1451 ), during the first two years immediately following initial licensure, with the exception of the Implicit Bias requirement (after taking the national licensing examination). Generally, what will happen to the policy if there is a $5,000 partial withdrawal? Which of the following statements about continuing education is true? The following standards have been broadly stated in recognition of the diversity of practice and experience among CPAs. For more information about continuing education requirements for agents and adjusters, or if you have comments regarding this page, please write to CE@tdi.texas.gov or call 512-676-6500. 11. A firm should be prepared to justify any decision Qualified instructors are those who are capable, through training, education, or experience of communicating effectively Life and health insurance consultants who are Using independent reviewing organizations familiar with these standards may enhance quality assurance. Who has the authority to effect that policy change? 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? Learning activity level most beneficial to CPAs new to a skill or an attribute. A professional designation program is defined in the 28 TAC 19.1010. 2. A federal judge says Mississippi must join most other states in allowing religious exemptions from vaccinations that are required so children can attend school. 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 04. continuing professional education activity for which credit is claimed for the individual: .06 Acceptable evidence of completion includes: .07 Each CPE program sponsored by the member firm shall adhere to the following AICPA CPE Standards, (See Appendix B of Section 8000 for these detailed standards): .08 In addition to the requirements of 8000.02 to 8000.07 above, each SEC Practice Section member firm shall adhere to and shall require and monitor its professionals to adhere to the following: shall obtain at least 8 credits (hours) annually and 48 credits (hours) every three years of CPE in subjects related to accounting and auditing. All of the groups are considered to be exempt from the Affordable Care Act's requirement to purchase coverage, except: Those who must pay less than 9.5% of their income for health insurance. with limited exposure to the area. Such requests must be submitted in writing to the CPE Division of the AICPA. For example, a new member in calendar year 1993 begins a three-year reporting period on January 1, 1994, which ends December 31, 1996, and is required, beginning for the calendar year 1994, to comply with the CPE requirements set forth above. A self-assessment of the gap between current and needed knowledge, skills, and abilities; A set of learning objectives arising from this assessment; and. 32. WebA licensee employed as a professional engineer or professional land surveyor and assigned to duty outside the United States for a period of time exceeding one hundred twenty (120) consecutive days in a renewal period shall be exempt from obtaining the professional development hours required during that period. 07. 43. A Certificate of Authority is issued to an insurer for which of the following reasons? 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. "Qualifying" courses, not certified by TDI, may also be used for credit, as described in 28 TAC 19.1010. The policy may not include a provision for reinstatement. 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 To reduce its exposure to claims from a substandard disability risk, an insurer may take all of the following actions, except: Which rider would eliminate coverage for a preexisting condition? Instructors are key ingredients in the learning process for any group program. 2 or more employers in the same industry and 1 or more labor unions. A resident agent who will have held a Virginia resident agent license continuously and without interruption for no fewer than the immediately preceding four years by the end of the biennium must furnish proof of having held equivalent license authority continuously and without interruption in other states for a period that, when combined with the number of years of resident licensure in Virginia, equals at least twenty continuous and uninterrupted years immediately preceding the end of the biennium; or, c. A resident agent who will have held a Virginia resident license continuously and without interruption for no fewer than the immediately preceding four years by the end of the biennium shall furnish proof (i) of having held equivalent license authority in Virginia for at least twenty of the preceding thirty years; and (ii) that any unlicensed period was not the result of a license revocation or termination by the Commission pursuant to 38.2-1832 or 38.2-1869; and. 27. Selection of learning activities should be a thoughtful, reflective process addressing the individual CPA's current and future professional plans, current knowledge and skills level, and desired or needed additional 48. Which of the following may the Commissioner NOT do if he/she cancels or revokes an insurance license? They should retain evidence of satisfactory completion for a period of five CPE program sponsors must use activities, materials, and delivery systems that are current, technically accurate, and effectively designed. WebThe adult family home must ensure that all staff receives the orientation and training necessary to perform their job duties. Levels include, for example, basic, intermediate, advanced, update, and overview (see definitions in Glossary.). of disciplinary action. Complete the program of independent study in 15 weeks or less. _____________ insurance allows for insurance coverage to be obtained when not available from admitted carriers. 5. Individuals or teams qualified in the subject matter must review programs. For the accelerated benefit to apply, the insured must have a terminal illness, a long-term care illness, or an illness or physical condition that is likely to cause permanent disability or premature death. Learning activities to be undertaken to fulfill the learning plan. 8. Examples include a long term illness, or military service in a theater of war. 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. If applicable, individual instructors were effective. We strongly suggest that when you take a poor course, e-mail us at CE@tdi.texas.gov, and tell your associates. Residual Disability Income pays funds to the insured, to make up for what the insured would have earned after returning to work, and while recovering from ___________.