On February 13, 2020, the NAIC formally adopted revisions to its Suitability in Annuity Transactions Model Regulation to increase consumer protections by requiring insurance agents to act in the “best interest” of their consumers when making annuity recommendations. As a premier provider of NAIC annuity suitability training, Quest CE will begin offering updated annuity training by the January 1, 2021 effective date. Read More
Effective January 1, 2018, insurance producers holding a life insurance line of authority will be required to take a one time, four-hour annuities training course prior to selling, soliciting, or negotiating annuity products in Arizona. Read More
As regulators continue to narrow in on protecting senior investors, broker-dealers, now more than ever, need to focus on how their compliance programs are set-up to cater to today’s ‘graying’ American population. As many firms are quickly beginning to realize, failing to implement such safeguards can lead to serious issues regarding suitability and disclosure. Read More
Quest CE today announced the immediate availability of its California 8-hour annuity suitability training course. Read More
Quest CE announced today the addition of a new Firm Element course to its e-learning catalog. The course, “Variable Annuities: The L Share Class” was developed to address FINRA's many concerns regarding L Share variable annuity sales and the manner in which they may improperly incent the sale of variable annuities - specifically, L Share variable annuities.