Just as we predicted, Texas Senate Bill 876 has passed and will go into effect on September 1, 2015. What does this mean for those who hold a Texas Adjuster License? A few changes, actually. To make it simpler, we have highlighted a few key points that you will want to know.
1. Birthday Renewal Dates
As of now, your adjuster license expires every two years on the original issue date. The State of Texas has will now utilize a renewal system that is common in other states, which ties your renewal to your birthday.
Specifically, if your license is issued or renewed in an even-numbered year, your birthday on each even-numbered year, is the renewal date. If your license is issued or renewed in an odd-numbered year, then your birthday on each odd-numbered year, is the renewal date.
In a nutshell, your license will now expire on your birthday every two years.
2. Less CE Hours Required. Yes. Really.
No doubt this will make the CE hour requirement more obtainable. Our takeaway is that the requirements for ethics and classroom-equivalent (online courses) hours are unchanged. Right now, each license holder must take two hours of Ethics CE for each two year reporting period and at least half of their CE hours must be “Classroom” or “Classroom-Equivalent” hours.
3. Your license cannot be renewed unless you have the appropriate number of CE credits or pay a fine.
Shaking our head on this one, as most would think that this would already be required. As it stands now, The Texas Department of Insurance would allow you to renew your license, even if you were not CE compliant. You would be assessed a fine, but most were never even aware if they owed or have knowledge of the fine. We have heard of many instances where a licensee has gone back to look at the status of their license with TDI and find out that they have fines going back two or more renewal periods. How are they handling those past fines? There is still some uncertainty there but rest assured, they will not just go away.
We always recommend that you should verify that TDI has your current mailing address on file so that you won’t miss any important notices from them. To check your mailing address on record with TDI, you can contact them directly at 512-676-6500.
To sum it up, most of these changes are good for all. Yes, it will take some time to get used to, but TDI has always been good at sending out notifications to keep you on your toes. If you are trailing behind on your CE requirements, and your renewal date is fastly approaching, check out our menu of CE courses online.
For those of you who want to read the entire bill, click here.
Authored by Randy Allgood – Lead Instructor at American Adjuster Academy