Texas- Insurance and White Collar Crime

Total Hrs / Order Price
1-5 $15.95
6-17 $24.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50
In addition: A State filing fee of $0.78 per credit hour will be added to the total

Pricing based on total number of
hours in order.

Approved For:

  • General

Credit Hours
2

Course Type
Class Equiv.

DOI Number
104662

Publisher
FastrackCE, LLC

Final Exam
No Final Exam Required

State
Texas

State
State CE Requirements

CE Course Description

White-collar crime is a widespread problem, but many people know much about what white-collar crime involves. It is not often dramatic, exciting, or interesting to hear about. Other types of crime, such as a murder, robbery, or rape, are emotional events that evoke feelings of anger, disgust, and sadness within people of all ages and classes. Unfortunately, white-collar crime does not create this same reaction. Securities fraud or corrupt loans do not stir up feelings of rage and disappointment in most people, unless they are the victims of these crimes.

White-collar crime does not involve violent, drug-related, or overtly illegal activities. In fact, perpetrators are typically involved in otherwise lawful businesses and may hold respectable positions in the community prior to the discovery of their fraudulent schemes.

Fraud is intended to employ dishonesty to deprive another of money, property, or a right. It can also be a crime for which the fraudulent person(s) can be charged, tried and convicted. Borderline overreaching or taking advantage of another's naiveté involving smaller amounts is often overlooked by law enforcement, which suggests the victim seek a "civil remedy" (i.e., sue).

For anyone working in the insurance, financial planning, or financial services fields, a working knowledge of the various bad actions that fall under the term “white-collar crime” is important for several reasons.

· White-collar crimes are a constant presence in any economy whether it is controlled, free, growing, or in recession.

· White-collar crimes are constantly changing and adapting to current economic situations.

· White-collar crimes erode public confidence and trust in the financial institutions – banks, investments brokerages, and insurance companies – that financial professionals count on for their livelihood.

It is in every financial professional’s interest to know white-collar crime well enough to avoid it, and, more importantly, to prevent it.

Required CE Hours for Renewal in Texas

50% of the CE renewal hours must be completed with a classroom equivalent course or in a classroom setting.

  • 24 hours including 2 hours of ethics and/or consumer protection every 2 year renewal term.

    • Life, Accident & Health
    • Property and Casualty
    • Adjusters
  • 10 hours including 2 hours of ethics and/or consumer protection every 2 year renewal term.

    • Limited Lines
    • County Mutual
    • Life under $15,000

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course.
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-hour course related to the National Flood Insurance Program (NFIP).

How Hours are Reported

  • CE completions are submitted electronically the next business day after a passing completion is acquired.

License Term

  • License renewal is every 2 years from the date that the license was originally issued.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Final exams do not need to be monitored and are open book.
  • Must score at least a 70% for a passing grade.

Carryover CE Hours

  • Carry over hours are not allowed in a license term.

Repeating Courses

  • Courses may not be taken more than once in each renewal period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file for future reference.

Additional Information

Third Party Contact: Sircon
Phone: 877-876-4430
Fax: 404-656-0874

Web Site:Sircon

Texas Department of Insurance

Toll Free Phone: (800) 578-4677
Phone: (512) 322-3503
Email: CE@tdi.state.tx.us

Mailing Address:
Texas Department of Insurance
Agents Licensing Unit, 107-1A
P O Box 149104
Austin, TX 78714

Web site: Texas Department of Insurance