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Quest CE’s Kentucky, Maryland and West Virginia Annuity Training Courses Approved - Quest CE is proud to announce their Annuity Training courses for Kentucky, Maryland and West Virginia have been approved and meet each states’ specific annuity training requirements - QuestCE.com
Quest CE’s Kentucky, Maryland and West Virginia Annuity Training Courses Approved

 

PRZOOM - /newswire/ - Milwaukee, WI, United States, 2011/07/13 - Quest CE is proud to announce their Annuity Training courses for Kentucky, Maryland and West Virginia have been approved and meet each states’ specific annuity training requirements - QuestCE.com.

   
 
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Quest CE, premier provider of insurance continuing education and FINRA firm element training, is proud to announce their Annuity Training courses for Kentucky, Maryland and West Virginia have been approved and meet each states’ specific annuity training requirements. Producers can immediately begin taking the course to remain compliant.

All three states have 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 effective rule date for each state is as follows:

• Kentucky – January 1, 2012
• Maryland – November 1, 2011
• West Virginia – July 1, 2011

Producers licensed to sell, solicit or negotiate annuities, prior to the effective date, must complete the one-time, four (4) hour Annuity Training course within six (6) months of the effective date. Newly licensed producers on or after the effective rule date must complete the training before selling any type of annuity.

Recommendations regarding the purchase or exchange of an annuity must be suitable and beneficial to the consumer, based on the consumer’s suitability information. Suitability is determined by gathering information related to risk tolerance, financial liquidity and other factors that determine whether or not the annuity being recommended is suitable for the consumer.

Quest CE’s Annuities Training Course will cover 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.

Kentucky, Maryland and West Virginia require 24 hours of continuing education credit and three (3) ethics credits, every two (2) years. Quest CE offers a full suite of courses for producers to complete all their continuing education requirements. Additionally, Quest CE is proud to offer specific annuity courses for Colorado, District of Columbia, Indiana, Iowa, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina and Wisconsin, whom have also adopted the NAIC recommendation.

To view Quest CE’s NAIC Annuity Training Platform Click Here (or visit learn.questce.com/naicsuitability). For questions regarding the annuities course or the requirement, please contact Quest CE at 877-593-3366 or email 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 93% and a growth rate of over 770% 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 280 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’s Kentucky, Maryland and West Virginia Annuity Training Courses 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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