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Quest CE Files Course to Meet New Ohio Annuity Requirement - Quest CE has filed a course to meet the newly proposed Ohio Annuity Training Requirement
Quest CE Files Course to Meet New Ohio Annuity Requirement

 

PRZOOM - /newswire/ - Milwaukee, WI, United States, 2011/02/07 - Quest CE has filed a course to meet the newly proposed Ohio Annuity Training Requirement.

   
 
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Quest CE, premier provider of continuing education and compliance training, has filed a course to meet the newly proposed Ohio Annuity Training Requirement. Resident and non-resident producers licensed to sell, solicit or negotiate annuities, prior to the effective date, must complete a one-time four (4) hour Annuity Training course within six (6) months of the effective date. Once approved, producers can immediately begin taking the course to remain compliant.

Carriers are also responsible for providing product-specific training. Additionally, if a producer acquires a life insurance license on or after the effective date, the training must be completed prior to selling, soliciting or negotiating annuity products.

The State of Ohio has adopted the NAIC Suitability in Annuity Transaction Model Regulation recommendation. This Model Regulation was adopted to set standards and procedures for suitable annuity recommendations and to require insurers to establish a system to supervise recommendations so that the insurance needs and financial objectives of consumers are appropriately addressed. The Ohio rule will be effective on July 1, 2011.

Ohio producers are required to complete twenty-four (24) hours of CE, every two (2) years, three (3) of which must be ethics credits. This course will be available for resident CE credit.

Quest CE’s Ohio annuity course will relatively reflect the following topics:

• a complete basic understanding of annuities;
• examples, references and citations that illuminate complex points of annuities;
• comprehensive text with cohesive narrative explanation;
• the importance of annuities and how it benefits the consumer;
• obstacles and relevant solutions associated with annuities as they relate to seniors.

Quest CE has filed a course to meet the requirement and expects State DOI approval in the next few weeks.

About Quest
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.

 
 
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Agency / Source: Quest Continuing Education Solutions

 
 

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Quest CE Files Course to Meet New Ohio Annuity Requirement

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Contact: Alex Krenke - QuestCE.com 
877-593-3366 alexkrenke[.]questce.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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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