(a) An applicant is not required to take an examination to obtain a risk manager's license if the applicant holds the designation of:
(1) chartered property casualty underwriter (CPCU) from the American Institute for Chartered Property Casualty Underwriters;
(2) certified insurance counselor (CIC) from the national Society of Certified Insurance Counselors;
(3) associate in risk management (ARM) from the Insurance Institute of America; or
(4) Certified Risk Manager (CRM) from The National Alliance for Insurance Education & Research.
(b) A license holder who has held a designation described by Subsection (a)(2), (3), or (4) for a period of not less than 30 years is exempt from continuing education requirements established under this title.