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Quest CE’s Wisconsin Annuity Training Course Approved - Quest CE is proud to announce their Wisconsin 4-Hour Annuity Training Course has been approved
Quest CE’s Wisconsin Annuity Training Course Approved

 

PRZOOM - /newswire/ - Milwaukee, WI, United States, 2011/02/08 - Quest CE is proud to announce their Wisconsin 4-Hour Annuity Training Course has been approved.

   
 
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Quest CE, premier provider of continuing education and compliance training, is proud to announce their Wisconsin 4-Hour Annuity Training Course has been approved and meets the State’s one-time, four (4) hour annuity training course requirement. This course is live and available for resident CE credit.

Effective May 1, 2011, a producer who sells annuities must complete a one-time, four (4) credit annuity training course. Existing producers must have the training completed before November 1, 2011 to remain compliant. Newly licensed producers on or after May 1, 2011, must complete the training before they can sell annuities.

Quest CE’s Wisconsin Annuity Training Course will feature the following topics:

• Types of annuities
• Identification of the parties to an annuity
• How fixed, variable and indexed annuity contract provisions affect the consumers
• The application of income taxation of qualified and non-qualified annuities
• The primary uses of annuities
• Appropriate sales practices, and replacement and disclosure requirements.

The training is required for resident and non-resident producers. Non-residents who satisfy the annuity training requirements of another state, substantially similar to Wisconsin’s law, will be deemed compliant for Wisconsin’s requirement.

Carriers are responsible for verifying their producers have completed the required training. In addition, carriers are required to provide product-specific training and training materials that explain all material features of their annuity products.

The State of Wisconsin has adopted the NAIC Suitability in Annuity Transactions 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. Quest CE is proud to offer specific annuity courses for Iowa and Oklahoma, whom have also adopted the NAIC recommendation.

Dedicated to providing compliance driven solutions, Quest CE additionally offers specific annuity, ethics and law courses, approved to meet state-specific requirements. State-specific courses are accessible for California, Colorado, District of Columbia, Florida, Hawaii, Iowa, Ohio, Oklahoma, Oregon, Rhode Island, Texas and Wisconsin. Additional ethics courses are obtainable to assist producers in completing mandatory ethics requirements.

For inquiries, please contact Quest CE or email Quest at info[.]questce.com.

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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Quest CE’s Wisconsin Annuity Training Course Approved

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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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