Who’s ready to party? That’s right, we’re celebrating our 40th anniversary this year. As we take time to reflect, it’s hard to believe how things have changed. Although our history is founded in the classroom, our business has evolved dramatically over the years.
We at TesTeachers look forward to sharing our continued success for years to come as we expand into new industries and become recognized as the leader in the pre-licensing and continuing education world.
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The First 10 Years
From its conception 40 years ago, TesTeachers has achieved a number of milestones and earned recognition as one of the top national schools in pre-licensing continuing education. Here is our story:
Gerry and Cheryl Schultze launch the Portland Insurance School in Oregon, which was the first state in the nation to require pre-license education for prospective insurance agents.
Prior to 1976, insurance pre-license training was performed entirely by insurance company sales managers, each of whom was responsible for their new recruits.
Fun Fact: The first class offered at Portland Insurance School was Property and Casualty and had two students.
In 1977, Oregon passes the nation’s first insurance continuing education (CE) law, requiring agents to complete 36 hours of CE each year.
Gerry and Cheryl immediately expand their curriculum to offer continuing education.
In response to President Reagan’s economic initiatives, many insurers and banks generated new product lines to include mutual funds and variable products.
To meet the demand, Gerry and Cheryl expanded their curriculum to also offer securities pre-license training.
Fun Fact: The first Series 6 class offered had over 50 students!!
Gerry and Cheryl sell the Portland Insurance School and move to sunny Scottsdale, AZ, with their two kids, Suzy (age 12), and Scott (age 6).
Gerry and Cheryl Schultze open the Phoenix Insurance and Securities School
Gerry Schultze opens the Insurance and Securities School of Colorado in Denver