1.1.................... moves to amend H.F. No. 1134 as follows:
1.2Page 3, delete lines 17 to 28, and insert:
1.3    "Subd. 9. Replacement. "Replacement" has the meaning given in section 61A.53,
1.4subdivision 2."
1.5Page 7, line 34, delete "Department of Commerce" and insert "commissioner" and
1.6delete "a Department of Commerce-approved" and insert "a continuing"
1.7Page 7, line 35, after "education provider " insert "approved by the commissioner"
1.8Page 8, line 3, delete "written" and insert "no later than" and delete "the effective
1.9date of sections" and insert "January 1, 2012"
1.10Page 8, line 4, delete everything before the period
1.11Page 8, line 5, delete everything before "may" and insert "January 1, 2012"
1.12Page 8, line 6, after the period, insert "Producers licensed on or after January 1,
1.132012, have until June 30, 2012, to complete the course."
1.14Page 8, line 7, delete "minimum"
1.15Page 8, delete line 8, and insert "four continuing education hours."
1.16Page 8, line 20, delete everything after the period
1.17Page 8, delete line 21
1.18Page 8, line 23, delete "shall register as a CE" and insert "must be an approved
1.19continuing education"
1.20Page 8, line 26, after the period, insert "In order to assist compliance with this
1.21section, all courses approved by the commissioner for the purposes of this section shall
1.22be given the course title, "Annuity Suitability and Disclosure." Only courses satisfying
1.23the requirements of this section shall use this course title after the effective date of this
1.24section."
1.25Page 8, line 27, after "the" insert "course completion" and delete "and"
1.26Page 8, line 28, delete "shall issue certificates of completion in accordance with"
1.27and insert "of"
2.1Page 8, line 31, before the period, insert ", but does not satisfy any of the continuing
2.2education requirements of chapter 60K unless the training requirements of the other
2.3state are satisfied through one or more continuing education courses approved by the
2.4commissioner."
2.5Page 9, line 2, after the period, insert "If such data collection and reporting
2.6arrangements are not in place, an insurer must maintain records verifying that the producer
2.7has completed the annuity training course required under this subdivision and make the
2.8records available to the commissioner upon request."
2.9Page 9, line 19, delete ", general agents, independent agents,"
2.10Page 9, line 22, delete "three" and insert "ten"
2.11Page 9, delete section 7
2.12Page 9, delete section 9