The California Insurance Code (CIC) was amended to state every insurance producer who sells annuities must complete eight hours of training before soliciting annuities.  Four hours of annuity training must be completed prior to each license renewal.

Insurance producers who sell annuity products must complete the insurer’s product-specific training prior to January 1, 2012. Any insurance producer who has not completed this requirement is precluded from selling those annuity products until the product-specific training is completed.

For further information, contact the Producer Licensing Bureau at https://interactive.web.insurance.ca.gov/pli/servlet/InformationRequest or call the CDI’s Producer Licensing Bureau at (800) 967-9331 or (916) 322-3555. Include name, telephone number, license number and e-mail address in all correspondence with the CDI.

The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.

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