The Virginia Bureau of Insurance Partners with Promissor

The Virginia Bureau of Insurance has recently partnered with Promissor to provide test development, administration, and maintenance services for all Insurance License candidates. As of June 1, 2007 all Virginia insurance license examinations will be administered by Promissor. If you would like to see Promissor’s press release please click here. Thomson Prometric was the previous vendor and this will be ending their almost 20 year relationship.

If you are interested in obtaining your Virginia insurance license LearnInsurance.com offers preparation courses. Click Here to learn more. To schedule your Virginia insurance licensing exam please visit the Promissor website.

South Carolina adds Ethics training to CE Requirement

The South Carolina Department of Insurance has recently added a new requirement to their mandatory Continuing Education of 24 hours biennially. They are now requiring that all producers complete a 3 hour ethics course. All producers must complete an ethics course by May 1, 2008 and again for each compliance period that follows. If you would like to view the bulletin it is available on the South Carolina DOI website. This rule has been put in place so that South Carolina is consistent with all other states based on the recent standards adopted from the National Association of Insurance Commissioners (NAIC).

On LearnInsurance.com we have courses that meet this new requirement and many other Insurance CE courses to help producers meet and fulfill their education requirements. To view these courses and more go to www.learninsurance.com.

$2.175 Billion to be paid by Insurers in Second-Quarter Catastrophe Claims

Recently the ISO Property Claim Services Unit estimated that U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states. Texas is the state that was affected most by catastrophes with an estimated $435 million in claims.

ISO’s PCS unit defines a catastrophe as an event that causes $25 million or more in insured property losses and affects a significant number of policyholders and insurers.

PCS estimates represent anticipated insured loss on an industrywide basis arising from catastrophes. Estimates reflect the total insurance payment for personal and commercial property lines of insurance covering fixed property, personal property, vehicles, boats, related property items, business interruption, and additional living expenses. The estimates exclude loss adjustment expenses

At LearnInsurance.com we currently offer an Adjusters Licensing course for the state of Texas called the Texas Adjuster Property & Casualty Licensing Course for anyone interested in becoming a claims adjuster.

Series 65 Online Course Release at SecuritiesCampus.com

We have just released a completely revamped version of our Series 65 Online course on SecuritiesCampus.com.

The Series 65 course is an excellent learning tool for individuals preparing for the Series 65 - Investment Adviser exam. This exam will qualify the candidate to represent an investment advisory firm. Specific pre-requisites are not stated but Series 6 or 7 may be required by some states.

This course helps the student prepare for and successfully pass the Uniform Investment Adviser Law Examination (Series 65). The Series 65 exam is 130 questions long and covers economics and analysis, investment vehicles, investment recommendations and strategies, and ethics and legal guidelines for investment advisers.

To learn more about our new Series 65 Online course go to http://www.securitiescampus.com/series65.cfm.