Quest CE - Suitability in Annuity Transaction Model Regulation

    /24-7PressRelease/ - BROOKFIELD, WI, October 31, 2007 - Quest CE is pleased to announce the creation of a new program specifically designed to meet the National Association of Insurance Commissioners' (NAIC) Suitability in Annuity Transaction Model Regulation training requirements.

The NAIC's regulation requires life insurance organizations that delegate the supervision of suitability to third-party distributors receive annual certifications from those distributors. To date, 30 state insurance departments have adopted the NAIC regulation.

Quest CE's new course, The Introduction to Suitability and the Annuity Transaction Model Regulation, is available to companies to assist them in meeting the NAIC training requirement. Additionally, the course has been filed for insurance continuing education (CE) credit in all states and has received approval in the majority so agents taking the course can also receive CE credit.

The new program, which has a launch date of November 1, 2007, will consist of an online training module, certificate printable upon successful course completion, online tracking, email reminders to agents not yet compliant with this rule, and direct reporting to the insurance organization.

According to Alan Krenke, President and CEO of Quest CE, this new service offers regulators and compliance staff with a cost effective method to ensure that agents are compliant in meeting this standard.

Quest has also established a pricing model that appeals to every size organization from companies with less than 100 agents to organizations with thousands of agents.

"We have looked at pricing models from other organizations offering a similar service and positioned ourselves to be the most cost effective solution in the industry," says Krenke. "Quest CE is pleased to offer this timely solution for organizations."

Additionally, with Quest's industry-designed online Introduction to Suitability and the Annuity Transaction Model Regulation Training Program, producers complete the training and when requested, documentation is sent to carriers they represent. This approach frees producers from repeating basic training for multiple carriers.

About Quest Continuing Education Solutions
Over the past 20-plus years, Quest Continuing Education Solutions (Quest CE) has built a reputation of being the premier provider of value-added insurance continuing education (Insurance CE) and other marketing solutions to help financial institutions increase awareness and sales of their products.
To learn more about any of Quest CE's services, contact us at [email protected] or by calling 877.593.3366.

# # #