02. G-3 Professional Qualification Requirements In addition, you may contact PSI Services at 1-877-526-6833 to receive information on your credits. Documentation is also important when claiming an exemption from continuing education hours if our records do not show current eligibility. Public Company Accounting Oversight Board (, Standards and Emerging Issues Advisory Group, Technology Innovation Alliance Working Group, Implementation Resources for PCAOB Standards and Rules, Inspections-Related Board Reports and Statements, Updated PCAOB Staff Considerations on Recommending the Identification of Issuers and/or Broker-Dealers in Settled Enforcement Orders, PCAOB Cooperative Arrangements with Non-U.S. Regulators, Board Determinations Under the Holding Foreign Companies Accountable Act, The International Forum of Independent Audit Regulators and Other International Organizations, Information for Auditors of Broker-Dealers, Conference on Auditing and Capital Markets, PCAOB International Institute on Audit Regulation, (.02 - .06) CPE Record-keeping Requirements, (.08 - .09) Additional CPE Requirements of the SEC Practice Section, Appendix A - AICPA Policies For The CPE Membership Requirement, Appendix B - AICPA Statement on Standards For Continuing Professional Education (CPE) Programs, QC Section 20 - System of Quality Control for a CPA Firm's Accounting and Auditing Practice, QC Section 30 - Monitoring a CPA Firm's Accounting and Auditing Practice, QC Section 40 - The Personnel Management Element of a Firm's System of Quality Control-Competencies Required by a Practitioner-in-Charge of an Attest Engagement, SEC Practice Section (SECPS) - Requirements of Membership, Title of program and description of content, Number of continuing professional education contact hours, For group programs, a certificate or other verification supplied by the sponsor, For a university or college course that is successfully completed for credit, a record of the grade the person received; for a non-credit course, a record of attendance and completion, For self-study programs, a certificate supplied by the sponsor after satisfactory completion of a workbook or examination, For instruction credit, evidence obtained from the sponsor of having been the instructor or discussion leader at a program, For published articles, books, or continuing professional education programs, evidence of publication, All professionals who devote at least 25% of their time to performing audit, review or other attest engagements (excluding compilations) or, All professionals who have the partner / manager-level responsibility for the overall supervision or review of any such engagement. A summary of participants' actual completion time. Standard No. John has had his individual Health and Disability Income policies for many years. WebWHO IS EXEMPT FROM CONTINUING EDUCATION REQUIREMENTS? 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). Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area. Members who are retired or exempt for any part of the year are exempt for the full year. C. The following licensees may request exemptions from continuing education requirements, but shall not be exempt unless such exemption is approved by the Board after submission of an exemption request in the form and manner required by the Board: 1. CPE program sponsors may have to meet specific CPE requirements of state licensing bodies, other governmental entities, membership associations, and/or other professional organizations or bodies. Learning activities must be developed by individuals or teams having expertise in the B. Acceptable evidence of completion includes: 46. Which of the following qualified plans puts the investment risk entirely on the employer sponsoring the plan? Only a lawyer can Agree to compensate an agent for selling plans that vary in number of participants. 1. 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. Professional : 2. Standard No. Each course will indicate the number of hours and whether any count toward the ethics requirement. An annuity held within a traditional IRA ____________. and should be counted as three CPE credits. Commentary. CPE program sponsors are responsible for compliance with all applicable standards and other CPE requirements. The continuing development of professional competence involves a program of lifelong educational activities. 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. Such feedback restates why the answer selected was correct. Fully taxable since the excess payments must represent only earnings. Please select a current browser such as Chrome, Edge, or Firefox. Which of the following does not describe an eligible group for group life insurance? Plans include: 16. TDI has created a Continuing Education Frequently Asked Questions webpage that contains valuable information regarding CE requirements. 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. CPE program sponsors must provide descriptive materials that enable CPAs to assess the appropriateness of learning activities. be documented by a certificate or other evidence of completion. Commentary. 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 If an exemption has been granted, you may file your renewal Prerequisites should be written in precise language so that potential participants can readily ascertain whether they qualify for the program. 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. 11. 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 NAIC Model Law requires all Medicare Supplement policies to be standardized. This policy contains the following sections: B. AICPA vs. State Requirements-Members of the American Institute of Certified Public Accountants (AICPA) who are Certified Public Accountants licensed in specific states and/or who are members of their respective state CPA societies 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. Brands, Inc., consolidate? Continuing Professional Education (CPE) is the term used in these standards to describe the educational activities The more favorable the renewal provision to the insured, the higher the cost. Specific responses to correct answers to questions in self-study programs. If applicable, prerequisite requirements were appropriate. For example, the final examination for a five-credit course must include at least 25 questions. Interest earned on dividends left on deposit with the insurer. Commentary. Design by Meticulous, Failure to satisfy requirements; termination of license, Administrative duties of Board; transfer to outside administrator. CPE program sponsors should develop and execute learning activities in a manner consistent with the prerequisite education, experience, and/or advance preparation of participants. in contrast to the states' one- two- or three-year periods, and some states may not award CPE credit for some subjects. Retired members and inactive members who are unemployed or have left Using independent reviewing organizations familiar with these standards may enhance quality assurance. Thus, the concept of professional competence should be interpreted \text { Extraordinary loss } & 60,000 & \text { Sales } & 1,700,000 The extent and scope of such examination will be determined and administered by the AICPA. 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. Which of the following is not a condition that would apply to an accelerated death benefit? 7. Which of the following scenarios will trigger an income tax due? This successful collaboration will help promote heightened regulatory compliance while also helping investment adviser representatives better serve their clients by direct mail, or other announcements). All user-contributed content is owned by its authors. 9. 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. Texas Insurance Continuing Education Requirements | IIAT 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 Members and Relevant Persons (unless they are exempt) are responsible for complying with the Which Act was implemented in order to protect consumers from questionable Medicare Supplement Policy marketing practices? Please note that if you are applying for the exemption for the first time, Which of the following Medicare Supplement policies have Core Benefits? 08. A life insurance policy must have a grace period of at least ___ months? Brands, Inc. on its website. Continuing Self-study programs requiring only the reading of general professional literature, IRS publications, or reference manuals followed A CPE program sponsor of independent study learning activities must have expertise in the specific subject area related to the independent study. D. Changing Status-Members changing from or to public practice do not begin a new three-year reporting period. 01. 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). 14. Continuing Education | Georgia Office of Insurance and Safety Fire 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. 23. Fifty minutes of participation in a group, independent study or self-study program. Standard No. While CPE program sponsors B. CPAs who participate in only part of a program should claim CPE credit only for the portion they attended Many of the federal laws affecting education are based on broader concerns, such as civil rights and free speech. 8. 03. Brendon, whose license expired 30 days ago. WebExempt persons in or related to the profession of geology. Audio and video materials were effective. education Medical advice given __________ prior to the effective date of coverage defines a preexisting condition. All of the following are TRUE, except: The interest that he pays on policy loans is tax-deductible An educational process designed to permit a participant to learn a given subject through interaction with an instructor and other participants either in a classroom or conference setting or by using the Internet. Q & A Outlines the maximum CPE credit that will be awarded for the independent study program, but limits credit to actual time spent. For published articles, books, or CPE programs, (1) a copy of the publication (or in the case of a CPE program, course development documentation) that names the writer as author or contributor, (2) a statement from the writer supporting the number 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. Additionally, for those provider types that have other continuing education
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