November 22, 2011 – A.D. Banker & Company, the national leader in classroom and online continuing education and insurance licensing, is proud to announce their Hawaii 4 Hour Annuity Suitability self study and online CE course has been approved and meets the state’s one-time, four (4) hour annuity training course requirement. This course is available immediately for resident CE credit.
Hawaii brokers and producers licensed before 1/1/2012 must complete a 4 hour annuity course no later than 1/31/2012. Those licensed after that 1/31/2012 must complete the course prior to selling, soliciting or negotiating
Hawaii adopted the NAIC Suitability in Annuity Transactions Model Regulation recommendation. This Model Regulation set national standards and procedures for suitable annuity recommendations and requires insurers to establish a system to supervise recommendations so that the insurance needs and financial objectives of consumers are appropriately addressed.
A.D. Banker & Company proudly offers annuity suitability training courses in the following states: AK*, AL, AR, AZ, CA*, CO*, CT*, DC*, DE, FL*, HI*, ID, IL*, IN*, IA*, KS, KY*, LA, MA, ME, MD*,MO, MS, MT, NC, ND*, NE, NJ, NH, NM, NV, OH*, OK*, OR*, PA, RI*, SC*, SD, TN, TX*, UT, VA, VT, WI*, WV* and WY. {(*) indicate states that have passed agent training requirements}
Visit us online at www.adbanker.com or contact us at 800.866.2468.
March 8, 2011 – A.D. Banker & Company, the national leader in classroom and online continuing education and insurance licensing, is proud to announce their Ohio 4 Hour Annuity Suitability self study and online CE course has been approved and meets the State’s one-time, four (4) hour annuity training course requirement. This course is available immediately for resident CE credit.
Effective July 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 January 1, 2012 to remain compliant. Newly licensed producers on or after July 1, 2011, must complete the training before they can sell annuities.
The training is required for resident and non-resident producers.
Non-residents who satisfy the annuity training requirements of another state, substantially similar to Ohio’s law, will be deemed compliant for Ohio requirement.
Ohio adopted the NAIC Suitability in Annuity Transactions Model Regulation recommendation. This Model Regulation set national standards and procedures for suitable annuity recommendations and requires insurers to establish a system to supervise recommendations so that the insurance needs and financial objectives of consumers are appropriately addressed.
A.D. Banker & Company proudly offers annuity training in: Arkansas, California, Colorado, District of Columbia, Iowa, Oklahoma, Ohio, Texas and Wisconsin. Courses are currently pending approval in: CT, NC, NJ, NY, RI, OR, TN, MI, MD, IN and WV.
Visit us online at www.adbanker.com or contact us at 800.866.2468.
March 7, 2010 - A.D. Banker & Company, the national leader in classroom and online continuing education and insurance licensing, is proud to announce their District of Columbia 4 Hour Annuity Suitability self-study and online CE course has been approved and meets the state's one-time, 4 hour annuity training requirement. This course is available for resident CE credit.
Effective June 24, 2011, a D.C. producer who sells annuities must complete a one-time 4 credit annuity training course. Existing producers must have the training completed before December 24, 2011 remain compliant. Producers who become licensed on or after June 24, 2011, must complete the training before they can sell annuities.
The training is required for resident and non-resident producers. Non-residents who satisfy the annuity training requirements of another state, substantially similar to D.C.'s law, will be deemed compliant for D.C.'s requirement.
The District of Columbia adopted the NAIC Suitability in Annuity Transactions Model Regulation recommendation. This Model Regulation set national standards and procedures for suitable annuity recommendations and requires insurers to establish a system to supervise recommendations so that the insurance needs and financial objectives of consumers are appropriately addressed.
A.D. Banker & Company proudly offers annuity training in: Arkansas, California, Colorado, Iowa, Oklahoma, Texas and Wisconsin. Courses are currently pending approval in: CT, NC, NJ, NY, RI, OR, OH, TN, MI, MD, IN and WV.
Visit us online at www.adbanker.com or contact us at 800.866.2468.
February 18, 2011 – A.D. Banker & Company announces their 4-Hour Annuity Suitability Course that meets the NAIC Suitability in Annuity Transaction Model Regulation.
The new course satisfies the initial annuity certification for all producers by providing a complete overview of current annuity regulations and recent law changes. Emphasis will be placed on the overriding need for the ethical treatment of seniors and the agents' duty to follow responsible sales practices with customer and product suitability as their main focus.
The four (4) hour annuity training course is available online or self-study and is currently approved in Arkansas, Colorado, Iowa, Oklahoma, Texas and Wisconsin.
We are continuing to add states as legislation passes and our courses get approved. Check out the progress in the following chart below.
Annuity National Chart 2011.pdf (277.04 kb)
Visit us online at www.adbanker.com or contact us at 800.866.2468.