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Quest’s new course meets the California Legislature’s Senate Bill 620 (SB 620), section 1749.8 of the California Insurance Code.
California law requires eight hours of California-specific annuities training for all life and health agents who sell individual annuity products in the state. The law requires training in annuity product history, features and benefits; California law, regulations and requirements related to annuities; prohibited sales practices; and fraudulent and unfair trade practices.
New agents must complete the training prior to soliciting individual consumers for annuity sales.
These required hours are part of, and not in addition to, the regular continuing education requirement. Training may be provided in either a classroom setting or via home study (print textbook, CD or online).
Quest’s new course is titled “California 2004 Annuity Training”. In the course students will find:
• a complete basic understanding of annuities;
• examples, references and citations that illuminate complex points;
• easy-to-read text with narrative explanation of why and how the parts fit together;
• why annuities are important and what they mean for the consumer;
• and discussions of the problems and solutions associated with annuities as they relate to seniors.
This course provides the required training and education mandated by California SB 620 for licensed insurance practitioners who sell annuity products in California. It addresses all of the topics in the outline published by the Department of Insurance (DOI) and is approved by the DOI for the 8-hour training requirement.
For more information on Quest’s 2004 California Annuity Training Course, including volume discounts, contact Jim Hoehn at 877-593-3366 or via email at jhoehn(at)questce.com
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