BEST, a Premier Provider of Insurance Continuing Education Courses and Training Programs, Presents Its Annuities CE Courses
(PRWEB) July 15, 2014 -- BEST presents its nationally approved annuities insurance continuing education courses. These training courses were created to assist licensed insurance producers in meeting their annuities renewal requirement.
The National Association of Insurance Commissioners (NAIC), the voluntary organization of insurance regulators from the 50 states, the District of Columbia and the five U.S. Territories, have acknowledged and published its Suitability in Annuity Transactions Model Regulation (Model Regulation), which adopts new standards and procedures for suitable annuity recommendations and require insurers to establish a system to supervise recommendations so that the insurance needs and financial objectives of consumers are appropriately addressed.
Section 7B of the Model Regulation, requires a one-time, minimum four credit hour general annuity training course offered by an insurance-department approved education provider and approved by an insurance department in accordance with applicable insurance education training laws or regulations. Additionally, under Section 7A of the Model Regulation, insurance producers will also need to complete product-specific training through the insurance carriers whose products they sell. (Note that Oklahoma has not mandated product specific training).
The nationwide adoption of this unfair trade practices acts includes, but is not limited to, provisions that apply to an insurer’s activities, such as licensed producers must take an annuity CE course in order to maintain their license. Producers must be made aware of exactly what the acts define and prohibit as unfair methods of competition and unfair or deceptive business practices, especially those involved with the issuance, sale, and administration of annuity contracts.
To assist licensed insurance producers in meeting their state’s renewal requirements, BEST presents its annuities training courses. BEST offers easy access to course material (24~7~365) including: unlimited retakes of review questions and final examinations, instant grading, access to certificates of completion, and unbeatable customer service with course accessibility for one year from purchase.
A few of the topics covered within these courses are:
- History of Annuities
- Basics of Annuities
- Design and function along with various classifications of annuity products
- Benefits, costs and limitations of annuities
About Broker Educational Sales & Training Inc.
Broker Educational Sales & Training Inc. (BEST) is a nationally approved provider of continuing education for the financial and insurance professional and advanced training programs for the Certified Financial Planner (CFP), Investment Management Consultants Association (IMCA), and to the mutual fund, financial and insurance services industry. BEST conducts and administers over 500 continuing education classes throughout the country, which on average are attended by over 61,000 insurance agents, accountants and lawyers annually. BEST also conducts national symposiums and seminars with an average attendance of over 100 financial and insurance professionals throughout the country.
Dan Barrett, Broker Educational Sales & Training, Inc., http://www.bestonlinecourses.com, +1 800-345-5669, [email protected]
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