PRZOOM - /newswire/ -
Milwaukee, WI, United States, 2011/01/24 - Quest CE is proud to announce their District of Columbia Annuity Training Course has been approved and is available for resident CE credit.
This course meets the State’s one-time, four (4) hour annuity training course requirement, as well as the NAIC Suitability in Annuity Transactions Model Regulation requirement.
The Financial Reform Act requires individual states to comply with the NAIC Suitability in Annuity Transactions Model Regulation 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.
Featured in the District of Columbia Annuity Training Course, the student will find:
• The 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.
An insurance producer shall not solicit the sale of an annuity product unless the producer has adequate knowledge of the product to recommend the annuity. An insurer shall verify that an insurance producer has completed the annuity training course required before allowing the producer to sell an annuity product.
For questions regarding the course or the requirement please contact Quest CE at info[.]questce.com.
Since 1986, Quest CE (questce.com) has built a reputation of being the premier provider of Compliance Education to the financial services industry. In addition to offering Providership Administration and insurance continuing education (CE) for professionals holding insurance licenses and professional designations like the CFP, CPA, CLE, CIMA and CLU/ChFC designations, Quest also provides a complete spectrum of compliance training solutions including the Financial Industry Regulatory Authority (FINRA) annually required Firm Element Training for registered representatives, On-demand Annual Compliance Meetings, Annual Compliance Questionnaires, Needs Analysis Surveys, Outside Business Activity Tracking, Gifts and Entertainment Tracking and Political Contributions Tracking.
With a client retention rate of 97.5% and a growth rate of over 500% since January 1, 2005, more and more people are discovering why Quest CE is the Next Generation of Compliance Training Solutions. Quest CE serves more than 230 leading insurance carriers, broker/dealers, banks, and other financial institutions. Quest is a privately held firm which allows us 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.