BIENNIAL REPORTING PERIOD
Timeframe in which required continuing education credits must be completed for the
biennial renewal of a producer’s license, which is generally the 24-month time period
ending on the date of license expiration. (EXAMPLE: A producer born in November
of 1957 would generally have a reporting period of December 1, 2007, through November
30, 2009.)
COURSE PROVIDER
An entity that has been approved by the Alabama Department of Insurance and maintains
the annual online renewal to offer education courses to licensees who are required
to earn continuing education credits for the renewal of their insurance license
as required by this state.
CREDIT HOUR
A unit of measure of at least fifty (50) minutes of participation in an approved
classroom, seminar, online course, or self-study course approved by the department.
EXEMPTIONS
A waiver of the standard guidelines or rules.
EXPIRATION DATE
The last day a license is valid as established by the Alabama Insurance Code.
Also, the date of 12/31 is given to a CE Provider if they do not renew annually.
INSTRUCTOR
Anyone teaching an approved course of instruction or lecturing at an approved seminar.
May be a licensee.
INSURED
The consumer and/or policyholder.
NON-RESIDENT PRODUCER
An individual who does not reside in Alabama.
PROFESSIONAL DESIGNATION
An abbreviation or term used to describe the completion of an individual's personal
education to obtain a recognized standard of expertise in a profession or occupation.
Example: CPCU, CLU.
REGULATION
A principle, rule, or law designed to control or govern behavior.
SELF-STUDY COURSE
This is a course of study conducted on an independent or self-instructual basis.
SERVICE REPRESENTATIVE
A natural person, other than an officer, manager, or managing general agent of the
insurer, employed on salary by an insurer or managing general agent to work for,
with or through producers in selling, soliciting, or negotiating insurance in the
insurer or in the insurers represented by the managing general agent, but only in
the property lines of authority.