Notices for Week of: AUGUST 23, 2007
PROPOSED STATE RULES
By law, public notice of proposed rules must be given by publication in newspapers of record. The purpose of these notices is to give the public a chance to respond to the proposals. The public notices for administrative rules are now also available online at http://vermont-archives.org/aparules/ovnotices.htm The law requires an agency to hold a public hearing on a proposed rule, if requested to do so in writing by 25 persons or an association having at least 25 members.
To make special arrangements for individuals with disabilities or special needs please call or write the contact person listed below as soon as possible
To obtain further information concerning any scheduled hearing(s), obtain copies of proposed rule(s) or submit comments regarding proposed rule(s), please call or write the contact person listed below. You may also submit comments in writing to the Legislative Committee on Administrative Rules, State House, Montpelier, Vermont 05602 (828-2231).
Regulation I-2000-02, Continuing Education Requirements for Insurance Producers, Amended.
Vermont Proposed Rule: 07P039
AGENCY: Dept. of Banking, Insurance, Securities & Health Care Administration
CONCISE SUMMARY: The continuing education requirements for insurance producers in Regulation I-2000-02 would be amended as follows: (i) to adjust the 2-year reporting period to coincide with the due date for annual renewal of an insurance producer's license; (ii) to add a requirement that 3 of the 24 required continuing education credits be for courses covering ethical conduct of insurance producer activities; and (iii) to add a one-time requirement for insurance producers licensed to write property and casualty insurance to take a 3-hour course on the National Flood Insurance Program.
TYPE OF PERSONS AFFECTED: Insurance Producers, Insurance Companies and Agencies, Continuing Education Providers and the Vermont Department of Banking, Insurance, Securities and Health Care Administration.
COST BENEFIT ANALYSIS: The proposed amendment to require ethics and flood insurance education does not increase the total number of hours of continuing education required. The cost of continuing education ethics and flood insurance courses is comparable to the cost of other continuing education courses, so the requirement of these courses will have no economic impact on insurance producers or insurance companies. Requiring these courses will have a positive impact on consumers as a result of improved insurance sales practices resulting from the course requirements. The proposed change to the review period will have no economic impact on insurance producers or insurance companies; it will reduce the administrative burden of tracking producer licensing requirements, as the license renewal period and the continuing education period will be the same.
SCHEDULED HEARINGS: Thursday, September 13, 2007 from 10 am to 11 am at the Department of Banking, Insurance, Securities and Health Care Administration, 89 Main Street, 3rd Floor Administrative Division, Montpelier, VT.
DEADLINE FOR PUBLIC COMMENT: September 21, 2007.
FOR FURTHER INFORMATION, CONTACT: Kevin Moriarty, Assistant General Counsel, BISHCA, 89 Main Street, Drawer 20, Montpelier, VT 05620 802-828-3301.
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Housing Division Rules
Vermont Proposed Rule: 07P038
AGENCY: Commerce and Community Development.
FOR FURTHER INFORMATION, CONTACT: Arthur Hamlin, Housing Program Coordinator Department of Housing and Community Affairs National Life Building Drawer 20 Montpelier, VT 05620 (802)828-3749.
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- If you have general questions about the rulemaking process, please contact
- Louise Corliss by e-mail at or by phone 802-828-2863
