For licenses issued or renewed prior to January 1, 2007, the standard term of an insurance producer license is 16 licensing quarters. Licensing quarters begin on the first day of February, May, August and November of each year. Licenses expire in the fourth year on the last day of the quarter before the quarter in which the license was effective.

The first term of licenses that are initially issued, or of licenses that were previously in effect and are initially renewed, on or after January 1, 2007 expire on the last day of the birth month of the producer in the year that will result in the term of the license being at least 18 months. Commencing on the first license expiration on the last day of the birth month of an individual producer as set forth above, all such licenses shall thereafter expire biennially on the last day of the birth month of the individual producer that is two years subsequent to the preceding expiration date (click here for more information).

During the transition period from four-year license terms to two-year license terms based upon the individual producer's date of birth, if the term of their expiring license was four years, in order to qualify for renewal, a resident individual producer licensee must demonstrate that he or she has completed 48 hours of continuing education credits during the prior license term, six of which shall have been in approved courses related to professional ethics or fraud. If the term of their expiring license was two years or is a transitional term, in order to qualify for renewal, such a licensee shall demonstrate that he or she has completed 24 credit hours of continuing education courses during the previous license term, three of which shall have been in approved courses related to professional ethics.