Annuity Suitability Approved in Ohio

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.

Annuity Suitability Approved in District of Columbia

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.

California Insurance Exam Scheduling Changes

March 2, 2011 

Subject:  California insurance exam scheduling changes effective March 7th 2011

 

The PSI Company, headquartered in Burbank, California, has been awarded the contract to begin administering the California insurance licensing exams.  PSI will begin taking exam reservations on March 7, 2011 for exams April 2, 2011 and after.  PSI has been selected by the California Department of Insurance to provide the following services:

·         Replace the current online exam scheduler;

·         Replace the current examination software;

·         Develop and maintain examination pass reports;

·         Organize and facilitate periodic review of CDI’s examination questions by subject matter experts and psychometricians;

·         Allow individuals to take the examination at any of the contractor’s sites for an additional fee to be paid to the contractor; and

·         Collect demographic data (voluntarily) from examinees specific to gender, education level, and ethnicity.

More information about these changes may be found at www.psiexams.com.  More information about how A.D. Banker & Company can assist your license candidates with Online courses, Cram Classes and Live Classes can be found at www.adbanker.com or you may arrange a personal meeting with us to review upcoming changes please call 1-800-866-2468, ask to speak with the California Regional Manager.

 

About A.D. Banker & Company

The insider’s choice, for individuals needing to pass their Insurance or FINRA licensing exams.  Since 1979, licensing candidates have trusted A.D. Banker & Company to provide the information needed to pass and start their career.  All courses are cross referenced with the exam provider ECO (exam content outline) to assure candidates receive what they need to know.  High quality learning design produces outstanding results for Life & Health, Property & Casualty, Adjusters, Series 6, 7, 24, 26, 63, 65 and 66.

 

Exam Preparation - California

  • Online (52 or 32 hours) – mentoring and manager tracking.  See Demo at www.adbanker.com
  • Cram Classes (half day exam prep review classes)
  • Live Classes (52 or 32 hours) – accelerated – get candidates into production sooner
  • Learning Tools – study manuals, practice exams, flash cards, quick guides, tutorials, audio lightning facts
  • Recruiters hold your own – on site cram courses!  Call for information.

 

Continuing Education

  • Online, Webinar and Live Classes.
  • Annuity Suitability, Ethics, LTC Partnership, many more….

 

Contact:  curriculum@mail.adbanker.com, or call Ian at 1-800-732-2954.

 

Please see the attached notice from the CA Department of Insurance.

 

knotice_new_exam_vendor_3-03-2011.doc (205.50 kb)