CA | The California Department of Insurance has issued a Notice announcing that a new law will take effect on January 1, 2025 adding a section to the California Insurance Code. The new law requires life agents who sell variable life insurance policies to complete two hours of topic specific training before each license renewal. This section applies to licenses that are issued or renewed on or after January 1, 2025.
The California Department of Insurance (Department) recently approved the Commissioner-appointed Curriculum Board’s proposed creation of the new 2025 Variable Life Insurance Policies Two-Hour Course. This new two-hour course applies to all California life agents both
resident and non-resident and focuses on individual variable life insurance policies. The curriculum is based on the Department’s Bulletin 87-3, Requirements for Issuance of Variable Life Insurance in California. This requirement shall be part of, and not in addition to, the California resident licensee’s continuing education requirement.