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Quest CE Introduces Oklahoma 4-Hour Annuity Training Course - Quest's Oklahoma 4-Hour Annuity Training course has been approved and meets the Oklahoma State Insurance Annuity requirement
Quest CE Introduces Oklahoma 4-Hour Annuity Training Course

 

PRZOOM - /newswire/ - Milwaukee, WI, United States, 2010/07/21 - Quest's Oklahoma 4-Hour Annuity Training course has been approved and meets the Oklahoma State Insurance Annuity requirement.

   
 
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Quest CE is proud to announce their Oklahoma 4-Hour Annuity Training Course has been approved by the state and meets the Oklahoma Administrative Code 365:25-3-1 for a onetime, four (4) hour annuity training course.

This course provides the required training and education required by Oklahoma licensed producers who desire to sell, solicit or negotiate the sale of annuities; or currently sell, solicit, or negotiate the sale of annuities. It addresses all of the topics required under Oklahoma Administrative Code 365:25-3-1 for a onetime, four (4) hour annuity training course.

Featured in the Oklahoma 4-Hour Annuity Training Course, the student will find: a complete basic understanding of annuities; examples, references and citations that illuminate complex points of annuities; easy-to-read text with cohesive narrative explanation; the importance of annuities and how it benefits the consumer; and obstacles and relevant solutions associated with annuities as they relate to seniors.

The rule stipulates that producers licensed prior to July 14, 2010, with an active life line of authority and who sell, solicit or negotiate annuity products have until July 14, 2011 to complete the training requirement. Producers who become licensed or add a life line of authority on or after July 14, 2010, and desire to sell annuity products, must complete the training prior to selling, soliciting, or negotiating such products.

The training requirement is a onetime, four (4) hour annuity course. Topics must include, but are not limited to, the following:

• types of annuities and various classifications of annuities;
• identification of the parties to an annuity;
• how fixed, variable and indexed annuity contract provisions affect consumers;
• the application of income taxation of qualified and non‐qualified annuities;
• the primary uses of annuities;
• appropriate sales practices, replacement and disclosure requirements.

Additionally, the rule requires insurance carriers offering such products to ensure their producers are able to verify completion of the required training. While responsibility for verification of training lies with the insurance carrier, individual producers are ultimately responsible to complete the training in accordance with the rule.

Producers who have satisfied an annuity training requirement in another state with substantially similar provisions as the Oklahoma rule will be deemed to satisfy the Oklahoma training requirement.

To purchase the course visit Quest’s retail site at learn.questce.com and click on “Buy Courses”. Select Oklahoma Insurance CE from the drop down box and check the box for the course titled “Oklahoma 4 Hour Annuity Training (OK)”.

If you have any questions about the course or the requirement please e-mail Quest at info[.]questce.com.

About Quest
With a client retention rate of 95.17% and a growth rate of over 400% since January 1, 2005, more and more people are discovering why Quest CE (questce.com) is the Next Generation of Compliance Training Solutions. Quest CE serves more than 160 leading insurance carriers, broker/dealers, banks, and other financial institutions. Quest is a privately held firm which allows them to quickly meet the ever-changing needs of their clients. Quest’s commitment is to provide advanced custom solutions at cost effective rates while providing a level of service that greatly surpasses that of our competitors. Quest provides a single source solution for organizations training and compliance needs, saving you both time and money.

 
 
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Quest CE Introduces Oklahoma 4-Hour Annuity Training Course

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Contact: Alex Krenke - QuestCE.com 
877-593-3366 alexkrenke[.]questce.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Quest Continuing Education Solutions securities in any jurisdiction including any other companies listed or named in this release.

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