PRZOOM - /newswire/ -
Milwaukee, WI, United States, 2010/11/11 - Quest CE has committed to a guaranteed promise to offer the most cost-effective and comprehensive solution to comply with the 2010 NAIC Suitability in Annuity Transactions Model Regulation.
Quest Continuing Education Solutions (Quest CE) has committed to a guaranteed promise to offer the most cost-effective and comprehensive solution to comply with the 2010 NAIC Suitability in Annuity Transactions Model Regulation. Quest CE will provide the solution for only $10/producer. This fee will be divided among all the insurance carriers a producer conducts business with.
The Financial Reform Act requires individual states to comply with the 2010 NAIC Suitability in Annuity Transactions Model Regulation (NAIC 2010) by June 16, 2013. The simple two-tiered approach provided by Quest CE has an “All-In-One” Solution for Insurers, Distributors and Producers that fulfills the requirement for NAIC’s new regulation.
The advantages of teaming up with Quest CE to offer the carrier solution are incomparable to other providers in the industry. Quest CE will not charge any upfront fees, annual fees, or course loading fees. High quality service and value will be emphasized in each program. No payment is requested until each individual producer has fully completed the training.
Quest CE has developed a single Suitability site (learn.questce.com/naicsuitability/) available to all insurance producers. Access to carrier’s product specific courses will be provided as soon as they are available. All client/carrier specific training modules will be loaded into Quest CE’s State-of-the-Art learning portal, Renaissance, at no charge. Carriers may send their product specific courses to Quest CE in a PDF, PPT or SCORM package for easy upload into the system.
To begin the program each insurance carrier will supply a list of their appointed producers; based on the list provided, Quest CE will load students into the database, along with the necessary suitability and product courses to be completed. For carrier specific product training, a listing of every carrier in the Quest Portal will be available and producers will simply check the carriers that they sell for.
Quest CE will send email notifications to all producers, informing them of the requirements and instructions to remain compliant. As deadlines emerge, Quest CE will send e-mail reminders to producers who have not completed the courses, at no additional charge to carriers.
On the same website, producers will have the opportunity to complete state specific courses, to ensure they are compliant with their state mandated suitability requirements and carrier specific courses. The Quest CE portal will have a listing of every state and the appropriate suitability course for that state. State-Specific courses are provided (as they are approved). Producers will simply select the appropriate state course and it will be loaded into their profile.
Upon completion of the course, producers will complete a simple attestation, confirming to carriers that they will comply with the product training. Quest CE will provide PGP encrypted daily data feeds of student completion information to all insurance carriers.
As a special promotion, Quest CE is offering the first 10 clients that sign up for their NAIC Suitability Training a reduced price of $5/producer. Contact Quest CE at 877-593-3366 or e-mail their Sales Team at sales[.]questce.com to take advantage of this limited time offer.
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 company 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.