SENATE BILL NO. 304

INTRODUCED BY D. HARGROVE

A BILL FOR AN ACT ENTITLED: "AN ACT ALLOWING THE COMMISSIONER OF INSURANCE TO WAIVE THE EXAMINATION REQUIREMENT FOR APPLICANTS FOR A CONSULTANT LICENSE WHO HAVE ACQUIRED THE REQUIRED COMPETENCY THROUGH THE ATTAINMENT OF A RECOGNIZED PROFESSIONAL INSURANCE DESIGNATION AS SPECIFIED BY RULE BY THE COMMISSIONER OF INSURANCE; AND AMENDING SECTION 33-17-505, MCA."

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

Section 1. Section 33-17-505, MCA, is amended to read:

"33-17-505. Qualification -- fee. (1) In order to determine the competency of an applicant for a consultant license, the commissioner shall require the applicant to pass an examination.

(2) The fee for taking the consultant license examination is $50. The commissioner shall deposit all fees collected in the general fund. The fee for taking a second or subsequent examination may be no more than the cost of administering the examination, not to exceed $50.

(3) (a) An applicant is not required to take an examination if the applicant has acquired the required competency through the attainment of a recognized professional insurance designation.

(b) The commissioner may adopt rules specifying which professional insurance designations demonstrate the required competency referred to in subsection (4)(a)."

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