I have not heard of this, but we use something similar here in PA. Although you cannot use all the credits you earn towards re certification, you can use a great deal of them.
Like any web-based/at home learning program. It lies on the provider to take it seriously. I have seen people sit down and take credits for other people, write down the answers for others to use and not even watch or listen to the lectures/videos. They do it for easy credit and not learn anything. Something you should look out for.
All in all, I think these are great for learning.