Rhode Island's recently enacted R.I.G.L. § 27-34.2-21 provides for new producer training requirements for all Rhode Island-licensed producers who sell, solicit or negotiate long-term care insurance. Licensed producers who have been selling, soliciting or negotiating long-term care insurance on or before July 3, 2007, must participate in a one-time training course by July 3, 2008. All other Rhode-Island licensed producers who have only been selling, soliciting or negotiating long-term care insurance since July 3, 2007 must participate in a one-time training course before January 1, 2008. Thereafter, all Rhode-Island licensed producers selling, soliciting or negotiating long-term care insurance must undergo at least four hours of training every two years.

Insurers, meanwhile, are responsible for assuring that producers are in compliance with the statute before permitting them to sell, solicit or negotiate its long-term care insurance products. Insurers must also maintain all necessary records in accordance with the Rhode Island's record retention requirements so that they are available to the Commissioner upon request.

To view the text of the new statute, click here.