§ 39.8. Credit hours.

 (a)  General information.

   (1)  The Commissioner will determine the number of credit hours to be assigned to each approved course. Credit hours will not include time spent on meals, breaks or other activities unrelated to the course.

   (2)  To receive credit, an agent or broker shall complete the requirements of an approved course, including attendance and examination requirements.

   (3)  An agent or broker may not earn credit for attending a subsequent offering of the same course within the same licensing period.

   (4)  The instructor of an approved course shall earn twice the number of assigned credit hours. The instructor may not earn credit for instructing a subsequent offering of the same course within the same licensing period.

   (5)  An agent or broker shall maintain records of credits earned for at least the two most recently completed licensing periods in addition to the current licensing period.

 (b)  Credit hour requirements.

   (1)  An agent or broker shall be exempted from continuing education requirements for the initial licensing period if the initial licensing period is less than 24 months in duration. Thereafter, compliance with paragraph (2) is mandatory.

   (2)  To receive a license or certificate renewal, an agent or broker shall successfully complete approved courses equivalent to 48 credit hours of instruction during each of the first two complete 24-month periods following the date of original certificate or license issuance. Following the first two complete 24-month licensing periods, an agent or broker shall, for each subsequent 24-month period, successfully complete approved courses equivalent to 24 credit hours of instruction.

   (3)  An agent or broker as of the transition date is required to successfully complete approved courses equivalent to 24 credit hours of instruction for each complete 24-month licensing period.

   (4)  An agent or broker may carry forward excess continuing education credit hours up to a maximum of 24 credit hours from one licensing period to the next.

   (5)  The continuing education requirement for an agent or broker adding a line of authority as defined in §  37.39 (relating to lines of authority) to an existing certificate or license shall be as follows, regardless of years licensed:

     (i)   At the time of the first renewal subsequent to the addition of the line, there is no change in the continuing education requirement.

     (ii)   At the time of all other subsequent renewals, the requirements of paragraph (3) apply.