Quest CE’s Ohio Annuity Training Course Approved

MILWAUKEE – March 16, 2011 – Quest CE, premier provider of continuing education and compliance training, is pleased to announce their Ohio 4-Hour Annuities Training Course has been approved and meets the State’s annuity training requirement. Resident and non-resident producers licensed to sell, solicit or negotiate annuities, prior to the effective date, must complete a one-time, four (4) hour Annuity Training course within six (6) months of the effective date. Producers can immediately begin taking the course to remain compliant.

Carriers are also responsible for providing product-specific training. In addition, if a producer acquires a life insurance license on or after the effective date, the training must be completed prior to selling, soliciting or negotiating annuity products.

The State of Ohio has adopted the NAIC Suitability in Annuity Transaction Model Regulation recommendation. This Model Regulation was adopted to set standards and procedures for suitable annuity recommendations and to require insurers to establish a system to supervise recommendations, so that the insurance needs and financial objectives of consumers are appropriately addressed. The Ohio rule will be effective on July 1, 2011.

Ohio producers are required to complete twenty-four (24) hours of Continuing Education (CE), every two (2) years, three (3) of which must be ethics credits. This course will be available for resident CE credit.

Quest CE’s Ohio 4-Hour Annuities Course will reflect the following topics:

• A complete basic understanding of annuities
• Examples, references and citations that illuminate complex points of annuities
• Comprehensive text with cohesive narrative explanation
• The importance of annuities and how it benefits the consumer
• Obstacles and relevant solutions associated with annuities as they relate to seniors

Additionally, Quest CE is proud to offer specific annuity courses for Iowa, Oklahoma and Wisconsin, whom have also adopted the NAIC recommendation. To view Quest CE’s online course library Click Here (or visit http://learn.questce.com/). For questions regarding the course or the requirement, please contact Quest CE at 877-593-3366 or e-mail info@questce.com.

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About Quest

Since 1986, Quest CE has built a reputation of being the premier provider of Compliance Education to the financial services industry. In addition to offering Providership Administration and insurance continuing education (CE) for professionals holding insurance licenses and professional designations like the CFP, CPA, CLE, CIMA and CLU/ChFC designations, Quest also provides a complete spectrum of compliance training solutions including the Financial Industry Regulatory Authority (FINRA) annually required Firm Element Training for registered representatives, On-demand Annual Compliance Meetings, Annual Compliance Questionnaires, Needs Analysis Surveys, Outside Business Activity Tracking, Gifts and Entertainment Tracking and Political Contributions Tracking.

With a client retention rate of 97.5% and a growth rate of over 500% since January 1, 2005, more and more people are discovering why Quest CE is the Next Generation of Compliance Training Solutions. Quest CE serves more than 250 leading insurance carriers, broker/dealers, banks, and other financial institutions. Quest is a privately held firm which allows us to quickly meet the ever-changing needs of their clients. Quest’s commitment is to provide advanced custom solutions at cost effective rates while providing a level of service that greatly surpasses that of our competitors. Quest provides a single source solution for organizations training and compliance needs, saving you both time and money.

Quest CE
10850 W. Park Place
Suite 1000
Milwaukee, WI 53224

Media Contact:
Alex Krenke
alexkrenke@questce.com
877-593-3366

This release was published on openPR.