| VIRGINIA - TYPE OF LICENSE NEEDED TO WRITE POLICIES | ||
|---|---|---|
| Health | Life | |
| Stand Alone | X | |
| Linked Life LTC | X | X |
| Annuity | X | X |
| LTC TRAINING REQUIREMENTS | |
|---|---|
| Initial Long Term Care Training |
8 Hour Course (which includes 2 hours of VA specific Partnership training) |
| Refresher Training |
4 Hour Course |
| Training Reciprocity Between States |
Yes Non-Resident Producers: If you've already taken an 8 hour NAIC course in another state, you will be required to take an additional 2 hour Virginia specific Partnership course. The 2 hour course is a one time only requirement and there is no renewal necessary, EXCEPT Transamerica, who requires that a renewal be done every 24 months. I have confirmed with with MOO, Minn Life and NGL that they also only require it as a one time course! Please note that currently CA, CT, DC, DE, HI, IN, MS and NY are not reciprocal with Virginia |
| Training/Lapse Guidelines |
Refresher must be taken within 24 months of the previous course. If a producer misses the 24-month deadline for the refresher, they must take the initial eight-hour course again. This change became effective as of September 2012.
EXCEPTION TO LAPSE IS GENWORTH: - Per Genworth on 5/5/14 (Ashley), Genworth allows a lapse in CE training. |
| Carrier Requirements |
Nationwide and Lincoln do not require CE training for this state, but the CE can be used in other states with reciprocity. |
| Annuity |
To sell Annuity products, Annuity and Best Interest training is required as well as Product Training with both Global Atlantic and OneAmerica. Requirements and rules vary by state. Please reach out to licensing to get help with the requirements and product codes for the Product Training requirement at licensing@ltcipartners.com |
| How to Obtain Training |
A 15% Discount is offered to advisors that go through the LTCI/WEBCE portal at http://ltcipartners.webce.com |
| Where Can I Find My CE Training |
Clearcert: http://www.clearcert.com Sircon: Sircon |
| Asset Protection |
Yes, with other DRA Partnership states - 2006 LTCI Model Act |
| State Partnership Status |
9-1-2007 |
REVISED: 11/4/24