MILWAUKEE – Quest CE, trusted provider of compliance training and tracking technology solutions, announced today four new California training courses in its Insurance CE e-learning catalog, following California Senate Bill 263 (CA SB263). These courses align with California’s adoption of the NAIC Annuity Best Interest Standard and affect agents selling non-term life, variable life, and annuity products.
NEW! Variable Life Insurance
- Course Title: California Variable Life Insurance Policies Training
- Credit Hours: 2
Requirement: Starting January 1, 2025, all resident and nonresident agents selling variable life insurance must complete this course each renewal cycle.
Core course topics include:
- Key Characteristics of Individual Variable Life Insurance
- Selected Individual Variable Life Policy Requirements
- Whether the Policy is Appropriate for the Consumer
- Avoid misrepresentations and omissions
NEW! Non-Term Life Insurance
- Course Title: California Life Insurance Policies Training
- Credit Hours: 4
Requirement: Beginning January 1, 2025, newly licensed resident and nonresident life agents must complete a one-time training course before selling any type of non-term life insurance policy in California. These products include whole, variable, and variable universal life products.
Only licensees who became licensed in 2024 and after are required to take the new one-time training. Those licensed prior to 2024 are not required to take the new training course.
Core course topics include:
- Life Insurance Policy Training Requirement
- Types of Individual Life Insurance Policies and Benefits
- Life Sales Practices
- Unfair Trade Practices
NEW! Annuity Sales
- Course Title: CA 4 Hour Suitability and Best Interest Standards in Annuity Transactions
- Credit Hours: 4
- Course Title: California 8 Hour Annuity and Best Interest Training
- Credit Hours: 8
Requirement: All agents (resident and nonresident) currently soliciting any type of annuity product in California must complete training updates.
For agents already selling annuities:
- An updated 8-hour Annuity Best Interest course must be completed before July 1, 2025.
- An updated 4-hour Annuity Best Interest training course must be completed before the next license renewal date, beginning with renewals due January 31, 2025, and every renewal cycle thereafter.
For agents licensed on or after January 1, 2025, who plan to sell annuities:
- 8 hours of Annuity training must be completed before selling annuities.
- 4 hours of ongoing Annuity training must be completed each renewal thereafter.
For questions regarding this or other Insurance courses, please contact us here.
To view Quest CE’s California Insurance CE catalog, click here.
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About Quest CE
For over thirty-five years, Quest CE has been a trusted provider of compliance training and tracking solutions to the financial services industry. In partnering with more than 2,400 leading insurance carriers, broker-dealers, registered investment advisors, and other financial institutions, Quest CE offers a full suite of proprietary technology solutions while delivering an unmatched level of customer service.
Through the delivery of advanced custom solutions, Quest CE honors its mission to empower financial institutions with easy-to-use technology that simplifies their compliance and continuing education programs. For more information on Quest CE, visit www.questce.com.