|
Indiana Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Indiana has approved their course, NAIC Suitability in Annuity Transactions Model Regulation - Indiana (390_IN), for 4.0 Hours. Producers holding a life line of authority on 01/01/2012 and who sell or wish to sell annuity products must complete 4 hours of one-time training in annuities by 07/01/2012. Producers who obtain a life insurance line of authority on or after 01/01/2012 must complete the training before selling annuities products. Insurers must provide product-specific training. Resident and non-resident producers may complete equivalent annuity training in any state. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation - Indiana satisfies the carrier requirement Indiana. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation - Indiana was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform or for more information contact RegEd at info@reged.com.
North Dakota Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that North Dakota has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Annuity. Producers holding a life line of authority on 08/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 08/01/2012. Producers who obtain a life insurance line of authority on or after 08/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for North Dakota. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to West Virginia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010. If your carrier is a participating carrier on RegEd's Annuity Training Platform your carrier has determined that RegEd's course, NAIC Suitability in Annuity Transactions Model Regulation, meets the North Dakota annuity training requirement. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Maryland Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Maryland has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Health. Producers holding a life line of authority on 11/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 05/01/2012. Producers who obtain a life insurance line of authority on or after 11/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Maryland. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to West Virginia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010. If your carrier is a participating carrier on RegEd's Annuity Training Platform your carrier has determined that RegEd's course, NAIC Suitability in Annuity Transactions Model Regulation, meets the Maryland annuity training requirement. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
West Virginia Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that West Virginia has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Hours. Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/31/2011. Producers who obtain a life insurance line of authority on or after 07/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for West Virginia. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines; however, the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to West Virginia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010. If your carrier is a participating carrier on RegEd's Annuity Training Platform, your carrier has determined that RegEd's course, NAIC Suitability in Annuity Transactions Model Regulation, meets the West Virginia annuity training requirement. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
South Carolina Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that South Carolina has approved the course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 LAcH hours. Producers holding a life line of authority on 09/25/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 03/25/2012. Producers who obtain a life insurance line of authority on or after 09/25/2011 must complete the training before selling annuities products. Producers must contact their RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated that they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to South Carolina, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010. If your carrier is a participating carrier on RegEd's Annuity Training Platform, your carrier has determined that RegEd's course, NAIC Suitability in Annuity Transactions Model Regulation, meets the South Carolina annuity training requirement. If you are a Carrier and wish to receive additional information, please contact RegEd at 800.334.8322 If you are a Producer and wish to receive additional information, please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Oregon Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Oregon has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Health hours. Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 01/01/2012. Producers who obtain a life insurance line of authority on or after 08/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Oregon. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Oregon, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010. If your carrier is a participating carrier on RegEd's Annuity Training Platform your carrier has determined that RegEd's course, NAIC Suitability in Annuity Transactions Model Regulation, meets the Oregon annuity training requirement. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Ohio Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Ohio has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 general credit hours. Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 01/01/2012. Producers who obtain a life insurance line of authority on or after 07/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for the Ohio. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Ohio, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Wisconsin Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Wisconsin has approved their course, Suitability of Annuity Transactions as Required by the State of Wisconsin (390_WI), for 4.0 Annuity Suitability credit hours. Producers holding a life line of authority on 05/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 11/01/2011. Producers who obtain a life insurance line of authority on or after 05/01/2011 must complete the training before selling annuities products. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Wisconsin, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Rhode Island Approves RegEd's Annuity Suitability Course
RegEd is pleased to announce that Rhode Island has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life/Accident/Health credit hours. Producers holding a life line of authority on 06/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/01/2011. Producers who obtain a life insurance line of authority on or after 06/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Rhode Island. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Rhode Island, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
District of Columbia Approves RegEd's Annuity Suitability Course
Producers holding a life line of authority on 6/24/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/24/2011. Producers who obtain a life insurance line of authority on or after 06/24/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for the District of Columbia. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to the District of Columbia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, "one-stop" platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Colorado Approves Annuity Suitability Course
RegEd is pleased to announce that the Colorado Department of Insurance has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life/Accident & Health credit hours. Producers holding a life line of authority and selling annuity product must complete 4 hours of one-time training in annuities by 10/01/2011. Producers who obtain a life insurance line of authority on or after 04/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd's course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Colorado. RegEd's course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Colorado, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, "one-stop" platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
IRI and RegEd Launch "Industry Wide Solution" for Insurers, Distributors and Advisors
Painless Solution for NAIC Annuity Suitability Requirements Click here for more information or to begin your training WASHINGTON, D.C. - The Insured Retirement Institute (IRI) and RegEd today launched the much-anticipated "Industry Wide Solution" to the NAIC annuity suitability requirements. The Annuity Training Platform is now live and includes state-mandated suitability training. It will also include insurer-produced product specific training soon. There are currently numerous carriers in the contract writing phase. Financial advisors may join the platform today and complete state-mandated courses. Iowa advisors may complete their requirements by the January 1, 2011 deadline and have their completion data reported to all participating carriers. Carriers may sign up now to gain access to a comprehensive view of their advisors' status and make carrier-specific courses available to advisors as soon as they become available. "We have now launched the most painless, industry wide solution available, ensuring advisors comply with the new rules and insurers continue to sell their products," Insured Retirement Institute President and CEO Cathy Weatherford said. "The industry wide solution was created in direct response to the critical need of our industry to meet these new requirements in a way that would ensure minimal impact on advisors and their clients who rely on these products for guaranteed income. This solution is critical to the industry and consumers alike, providing a seamless educational connection between insurers, distributors and advisors. IRI's membership has been highly engaged in the development process and we are confident this platform best directly addresses their requirements for an efficient, timely and compliant solution." "We are excited about today's launch of this innovative, industry-wide platform. Bringing such a comprehensive solution to the annuities marketplace in such a short period of time required an intensive development effort. With most major broker-dealers and more than 300,000 registered persons using our platform, RegEd is ideally suited to bridge this position between carriers and distributor. We appreciate the IRI's efforts helping RegEd continue to fulfill its mission of providing the industry with the most sophisticated tools to manage regulatory requirements," said John M. Schobel, CEO of RegEd said. The platform will provide many features, including: "This is only the beginning of our development efforts," said Angela Pace, RegEd's Chief Operating Officer. "Carriers who are concerned about just-in-time training can implement our latest feature, which addresses this critical training challenge. And we have already begun work on the second major phase of our development effort, which will marry RegEd's robust education and licensing tracking applications with the Annuities Training Platform. The result will be an industry first--establishing a true one-stop solution for annuities carriers." In July 2010, IRI's Suitability Task Force was formed to address potential implementation issues related to the new NAIC Model Suitability Regulation. The Task Force identified the Model's new training requirements as a major implementation challenge, posing the possibility of negatively impacting consumers and the industry alike. Consisting of more than 70 IRI member representatives, the Task Force evaluated potential solutions to the numerous compliance and operational elements necessary to meet the requirements of the Model. Advisors will benefit from this platform through the elimination of confusion in terms of meeting different state and insurer training requirements. Insurers and Broker/Dealers will have the flexibility to develop content for the training and provide links to additional information on company websites. For additional information about IRI's educational offerings please visit www.myirionline.org. About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization and is the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI's mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies. Visit www.IRIonline.org to experience the new, vast resources of the new Insured Retirement Institute for yourself. About RegEd (www.RegEd.com): RegEd is a leading provider of licensing and registration technology and outsourcing services, broker-dealer compliance management solutions and training and continuing education for financial professionals. Since 1994, RegEd has set the standard in the industry for rule-based compliance automation and technology-enabled outsourcing services. RegEd solutions deliver new levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations. Visit www.reged.com/trainingplatform for more information or to begin your training.
"Industry Wide Solution" for NAIC Annuity Suitability Regulation Gains Momentum
Oklahoma Approves Course Featured on IRI-RegEd Training Platform WASHINGTON, D.C. – As momentum builds toward the November 22 launch of the annuity training platform developed by the Insured Retirement Institute (IRI) and RegEd, it was today announced that the Oklahoma Department of Insurance has approved the course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 annuity credit hours. Advisors licensed after July 14, 2010 in the state of Oklahoma may not sell annuities until they have completed the state approved training course. Licensed advisors that were selling annuities as of July 14, 2010 must complete the initial training by July 14, 2011. IRI, in partnership with RegEd, recently created an industry wide solution for the NAIC Model Suitability Regulation annuity training requirements. This "one-stop" platform will include insurer-produced, product-specific training, as well as state-approved required training. "In the few short weeks since we unveiled the training platform, the response from across the industry has been tremendous," said IRI President and CEO Cathy Weatherford. "With more than 70 industry leaders involved in the development of the platform, the IRI-RegEd solution is truly industry driven. Oklahoma's approval of the course further underscores the value the platform can provide in meeting the critical need to fulfill these new educational requirements." To date, at least 28 states have indicated they will be adopting the NAIC Suitability of Annuity Transactions Model Regulation, or similar legislation during 2011, with more to follow. In addition to Oklahoma, several other states have implemented an annuity training requirement for producers licensed in their state. Advisors, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. In July 2010, IRI's Suitability Task Force was formed to address potential implementation issues related to the new NAIC Model Suitability Regulation. The Task Force identified the Model's new training requirements as a major implementation challenge, posing the possibility of negatively impacting consumers and the industry alike. Consisting of more than 70 IRI member representatives, the Task Force has evaluated and developed potential solutions to the numerous compliance and operational elements necessary to meet the requirements of the Model. Advisors will benefit from this platform through the elimination of confusion in terms of meeting different state and participating insurer training requirements. An advisor with any participating company will be able to complete the Oklahoma and any other state required training at no cost to the advisor. Insurers and Broker/Dealers will have the flexibility to develop content for the training and provide links to additional information on company websites. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a broker/dealer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
Oklahoma Approves Annuity Suitability Course
RegEd is pleased to announce that the Oklahoma Department of Insurance has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 annuity credit hours. Producers licensed in the state of Oklahoma may not sell annuities until they have completed the state approved training material. Those producers that are selling annuities as of July 14, 2010 must complete the initial training by July 14, 2011. RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Oklahoma, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform. RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, "one-stop" platform will include insurer-produced product-specific training, as well as state-approved required training. The platform will launch on November 22, offering producers ample time to meet their state training requirements. If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com. If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.
NAIW (International) Partners with RegEd's CEAuthority for Online Insurance Continuing Education
The National Association of Insurance Women (NAIW) has selected RegEd's CEAuthority as their preferred online insurance continuing education provider. This partnership extends unlimited access to CEAuthority's full course catalog at preferred subscription pricing. The unlimited access subscription, which is accessible via NAIW's website, serves as both a means of fulfilling CE requirements, as well as expanding knowledge on specific industry topics. NAIW (International) is a trade association open to professionals in the insurance and risk management industries. NAIW (International) is best known for insurance education, skills enhancement and leadership development within the insurance industry. RegEd is a leading provider of insurance and securities continuing education and compliance solutions to the financial services industry. Since 1994 RegEd has set the standard in the industry for quality, compliant content, rule-based automation and full-service outsourcing. RegEd solutions deliver unparalleled levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations. CEAuthority, RegEd's insurance continuing education website, features an extensive course catalog across Life, Health, Property & Casualty, Adjuster, Long-Term Care, Ethics, Senior Suitability, Medicare/Medicaid, Flood and other topics. In addition to insurance CE eligibility, CFP, CPE and other designations are supported.
Travelers Expands Continuing Education Platform for Agents
HARTFORD, Conn., Aug 25, 2010 (BUSINESS WIRE) -- The Travelers Companies, Inc. (NYSE: TRV) announces a new partnership with RegEd's CEAuthority to offer agents access to an extensive library of insurance continuing education courses. Committed to helping independent agents achieve success, Travelers is providing easy access to professional development courses that are relevant for their business needs. Through this expansion, Travelers is also offering agents the opportunity to take advantage of a designated free course and reduced pricing on CEAuthority's property casualty library. Agents can gain access to these new choices through Travelers' AgentU education platform. "Travelers recognizes that it is sometimes difficult for agents to find relevant continuing education classes needed to meet local state requirements," said Nancy Fitzgibbon, Vice President of Enterprise Training at Travelers. "We're excited to offer easy access to resources that support and promote our agents' professional development efforts." This enhancement builds upon last year's successful launch of AgentU, a comprehensive training program custom designed to meet the educational needs of Travelers' agency partners. RegEd's CEAuthority is an industry leader in insurance continuing education and license renewal services. "We are pleased that we can provide a solution to the continuing education challenge our agents face," said Patrick Kinney, President, Field Management at Travelers. "Offering agents a designated free course and discounted access to the property casualty library available through CEAuthority certainly emphasizes how much Travelers values them, and further, it shows our commitment to helping them increase sales and grow their business." For more information on AgentU, please contact Amy Edstrom or visit http://agents.travelers.com/agentU/home.aspx. About Travelers SOURCE: The Travelers Companies, Inc. To read the full press release, click here.
NAIFA Partners with RegEd for Online Insurance Continuing Education
The National Association of Insurance and Financial Advisors (NAIFA) has selected RegEd as their preferred online insurance continuing education provider. This partnership extends unlimited access to RegEd's full course catalog via CEAuthority, RegEd's online insurance continuing education website. The partnership includes preferred pricing available exclusively to NAIFA members via NAIFA's website. NAIFA comprises more than 700 state and local associations representing the interests of 200,000 members and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members. RegEd is a leading provider of insurance and securities continuing education and compliance solutions to the financial services industry. Since 1994 RegEd has set the standard in the industry for quality, compliant content, rule-based automation and full-service outsourcing. RegEd solutions deliver unparalleled levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations. CEAuthority, RegEd's ordering and insurance continuing education course delivery website features an extensive course catalog across Life, Health, Property & Casualty, Adjuster, Long-Term Care, Ethics, Senior Suitability, Medicare/Medicaid, Flood and other topics. In addition to insurance CE eligibility, CFP, CPE and other designations are supported.
Long Term Care – Phase Two
By now all producers licensed to sell long-term care products are aware of the need to complete an initial eight-hour training requirement on the topic. While most of the states have elected to adopt the National Association of Insurance Commissioner’s (NAIC) Model Regulation, several states opted to use the core of the NAIC Model Regulation with additional state-specific training included. The RegEd courses that meet this initial eight-hour requirement include: A few states took an additional step outside of the box and require a state-specific, instructor-lead class (New York, Indiana) or a two-part requirement where 50 percent of the training must be on partnership programs and presented in an instructor-lead environment (Colorado). Now let’s take a look at Phase Two, the four-hour follow-up requirement. In the licensing period subsequent to completing the initial eight-hour training, licensed producers are required to complete four-hours of continuing education (CE) on the topic. As with the original requirement, most states have adopted a four-hour training agenda released by the NAIC; however there are a few states that have added state-specific requirements to the CE training. RegEd has developed the following material to meet this demand: Rounding the training requirements as they currently stand are the states that require non-resident producers to complete CE specific to their state. The courses that fulfill this requirement include: If you have any questions regarding long-term care requirements or course approvals for the requirements contact your account manager or sales@reged.com.
Smart Choice® Partners with CEAuthority for Online Insurance Continuing Education
Smart Choice® has selected CEAuthority as their preferred online insurance continuing education provider. This partnership extends unlimited access to CEAuthority's full insurance CE course catalog at preferred subscription pricing. The unlimited access subscription, which is available via the Smart Choice® agent portal, serves as both a means of fulfilling CE requirements, as well as expanding knowledge on specific industry topics. "This new relationship is a valuable addition to the industry-leading tools we offer to our agency community." says Joe Fisher, President, Smart Choice® Franchise Corporation. The Smart Choice® Agents Program, founded in 1994, provides access to personal and commercial lines property and casualty markets for agents who cannot meet the production requirements of those companies. The hallmark of the Smart Choice® Agents Program is that agents retain 100 percent ownership of their agencies and their customers. Agents do not pay start-up or monthly program fees, and can receive 100 percent commissions once they reach a fair, attainable commission cap. Smart Choice® agents also benefit from the training and support of Smart Choice® and insurance company staff; assistance with business planning; and help in determining how and when to perpetuate their agencies. CEAuthority, powered by RegEd, Inc., is the industry leader in online insurance continuing education and license renewal reminder services. CEAuthority offers an extensive course catalog to meet your continuing education needs including: Life, Health, Property & Casualty, Adjuster, Long-Term Care, Ethics, Senior Suitability, Medicare/Medicaid, Flood, CFP, CPE and a variety of other course topics. RegEd is a leading provider of compliance solutions in the securities and insurance industries, and the foremost resource for financial services training and continuing education. Since 1994 RegEd has set the standard in the industry for rule-based compliance automation and technology-enabled outsourcing services. RegEd solutions deliver new levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations.
Texas Implements Annuity Suitability Certification Requirement
The state of Texas recently enacted a multiple-part requirement for all licensed producers who sell annuity products. The first step is to complete a one-time, four-hour annuity certification course based on a state-provided outline. RegEd’s course 4-Hour Annuity Certification (course identification code 263_CERT) has been approved to fulfill this requirement! Next Step? The second part of the requirement is to complete 4-hours of Texas-approved continuing education training within 12 months of completion of the certification course. RegEd to the rescue again! Our course Suitability of Annuity Transactions – Texas (course identification code 263) has been approved by the Texas Department of Insurance to complete step two! Stay tuned…check the RegEd site often to assure that you are informed of your annuity training requirements and to see what new materials RegEd has to offer to help you remain compliant. If you have any questions or would like additional information on this or any other training requirement please contact your dedicated account manager or email sales@reged.com.
Oklahoma Healthcare for the Uninsured
Getting certified to market healthcare plans approved by the Oklahoma Healthcare for the Uninsured Board (HUB)? RegEd is the first and currently the only self-study provider to be granted approval by the Oklahoma Department of Insurance to offer the 6-hour basic credentialing education course. RegEd's course, Oklahoma Healthcare for the Uninsured (course ID 288_OK), provides an overview of the health insurance options available including: For more information about the HUB requirement, click here to visit the Oklahoma Insurance Department's website. Don't delay. Order your Oklahoma HUB course today.
Meet Your Texas Classroom Requirements Online
Having trouble finding a classroom course to attend to satisfy your credit hour requirements in Texas? RegEd's newly approved course titled Understanding Variable Annuities: Functions, Benefits, Limitations, and Needs (112_TCE) is an approved Texas Classroom Equivalent course which means that you can complete your classroom requirements in the comfort of your home or office via RegEd's self study site! As a reminder, Texas requires all licensees to complete 50% of your overall continuing education requirements via classroom instruction or Texas Classroom Equivalent delivery.
To access RegEd's Texas Classroom Equivalent course: Should you have any questions, please contact the RegEd customer service team at 800.334.8322 option #2.
Long Term Care and Medicare Training
As state governments and departments of insurance continue to focus on long term care and Medicare needs, RegEd continues to develop material to meet those needs. We have added several state-specific training courses to our library, including: The RegEd Regulatory Affairs team monitors the activity of the legislature at all levels to assure that we are able to deliver quality training on mandatory topics in a timely manner. For additional information on these and other RegEd courses contact your account manager or sales@reged.com.
New Courses for Producers Holding Life and Health Insurance Licenses
RegEd has released a series of continuing education courses for producers holding life and health insurance licenses. This series includes a variety of topics and titles including:
Important News!
You are now getting the same great Continuing Education courses and service you’re accustomed to under a new name! totalCE, a leader in Insurance Continuing Education, has changed its name to — CEAuthority — to better symbolize our expanding range of offerings and industry standing. This means you get the same quality of course content, product offerings, the same fast, responsive service, and the same dedication to excellence that you’ve come to rely on from totalCE. You’ll notice our name change on our logos, website, courseware and site URL.
Do You Understand Your State Insurance Code?
Insurance codes can be very confusing and trying to determine what rules and regulations apply to you and your business is a daunting task. RegEd takes the pain out of this process for the producers in states that require training on their insurance codes! If you are licensed in Idaho, Montana or Oregon, you have a continuing education requirement to know and understand your insurance code. Login and take the RegEd course that applies to your state: Check out our website at www.reged.com to confirm the requirement and the number of CE hours for which each course is approved.
Annuity Transactions in the Spotlight
Annuity contracts, features, functions and suitability always seem to be in the spotlight. Recently, the state departments of insurance have taken the issue one step beyond sharing of information and many are starting to require training specifically on the topic. Arkansas, Florida and Texas have already implemented suitability training on annuity transactions. RegEd has published the following courses to meet these requirements: RegEd recently published Modern Variable Annuity Contract Benefits (241) for individuals who would like to receive additional training on the benefits provided by annuity contracts. Additionally, RegEd has a full library on the topic of annuities; if you would like to receive a list of these courses or review them as part of your training program contact your account manager or email sales@reged.com.
Training Specific to Florida Laws, Rules and Regulations
2009 has been a year of focus on Florida-specific concerns. Earlier this year the state of Florida, Department of Insurance implemented a continuing education requirement that any producer who sells annuity products must complete three hours of training on suitability issues surrounding senior investors. RegEd responded to this requirement by publishing the course Suitability of Annuity Transactions and Life Transactions to Seniors (176_FL). Additionally, Florida requires one hour of training on the topic of hurricane mitigation. RegEd recently published the course Understanding Hurricane Mitigation (238) to fill this need. Check out this course and others by visiting www.reged.com.
Long Term Care and Medicare Training Available Through RegEd
Most states have implemented a Long Term Care (LTC) insurance training requirement of an initial training course that averages eight hours in length prior to selling LTC products. Several states require that this LTC training include state-specific material on partnership and other programs. This training requirement mandates that the insurance carrier confirm completion of the training prior to allowing a producer to sell their LTC products. RegEd has authored courses to meet all of these requirements (see list below) and our courses are ClearCert approved! Please check our website at www.reged.com to confirm the approval for the state(s) in which you are licensed. In addition to the initial eight-hour training requirement, most states have also implemented a requirement that a four-hour refresher course be completed in the license renewal period following the initial eight-hour training. RegEd will soon be publishing Long Term Care at a Glance (NAIC 4-Hour Requirement) as well as state specific editions on the topic where required, to meet this need. RegEd also has a course entitled Partnership Insurance Programs: A Long Term Care Companion (152) for individuals who would like to delve more deeply into the topic.
Right on the heels of this LTC training is the need for training on Medicare. Several states including Oklahoma and Texas have or are in the process of implementing state-specific training on Medicare. Much like the LTC training, the Medicare training will likely require an initial eight-hour training course followed by a four-hour training course in the subsequent license renewal period. Check our website often (www.reged.com) to see if the state in which you are licensed has implemented a Medicare training requirement.
Special Insurance Considerations for Military Personnel
Special Insurance Considerations for Military Personnel Department of Defense Instruction 1344.07 outlines considerations for the sale of insurance products and services to military personnel. RegEd has expanded on this instruction and developed a course that provides an overview of DoD Instruction 1344.07, its general guidelines and the specific direction provided by each state jurisdiction as well as the ramifications of not adhering to these requirements. Any producer interacting with military personnel will certainly want to be aware of this guidance and complete the training entitled The Financial Services Industry and the Needs of Military Service Personnel (TBD). Prior to ordering this course, please visit www.reged.com and confirm the continuing education hours approved in the state(s) in which you are licensed.
New Insurance Producer CE Option Hits the Market with RegEd and its Partner, KnowtheRisk!
StoneRiver – RegEd in alliance with KnowtheRisk! (www.knowtherisk.com), is the first company to bring US insurance producers invaluable insight into the underwriting process with CE courses based on Underwriting for Agents. Romeo Vitagliano, President and CEO of KnowtheRisk!, a Canadian firm, says “Agents who understand the underwriting process, are better advocates for their clients and for the company, making it easier to bring together the right needs and the right products.” The first two, of many Underwriting for Agents courses, are now approved in more than 45 states!
Today, life insurance producers can obtain CE credit for courses in understanding the impact of cancer and cardiovascular disease on underwriting a Critical Care, Life or LTC policy. The straight-forward, clear courses take them through the basic facts of the underwriting decision for applicants with these serious diseases. They will understand how various diagnostic and history factors impact the insurance risk. Using this information, they can help their clients choose carefully among their numerous and complex options.
RegEd courses can be accessed online 24/7. "The Basics of Cancer in the Insurance World" and "Cardiovascular Disease" are approved for two to four credits, based on length and jurisdiction, in almost every state. RegEd plans to continue producing KnowtheRisk! courses in a US-based, online format, and looks forward to offering the full portfolio of Underwriting for Agents courses. "We are very excited about bringing this new CE content to the US market. It gives producers access to valuable information they have never had before," said Angela Pace, Chief Operating Officer, RegEd, Inc. "It’s exciting to bring a whole new category of CE that is fresh and useful. With an aging US population, Life and Critical Illness insurance are key segments where a deeper understanding of how underwriting decisions are made is a powerful tool for any insurance agent." RegEd, Inc. is one of the leading providers of compliance solutions in the securities and insurance industries and has established itself as one of the foremost regulatory education resources. RegEd is driven by technology innovation and has developed a line of intelligent Internet-based products for clients to efficiently handle compliance regulations. These include an automated audit tracking system, online compliance questionnaires, customer compliance tracking tool and an advertising review module, among other innovative applications. KnowtheRisk!, is an innovative internet company founded by underwriting experts, Romeo Vitagliano, ACS, FALU, FLMI and Dr. Tim Meagher. The KnowtheRisk! founders have used their five decades of underwriting and medical education experience to bring new levels of understanding of the underwriting process to insurance producers and underwriters in Canada. Dr. Tim Meagher* is a practicing internist who has held several senior level hospital administration positions. Tim has also spent over 25 years consulting in the life insurance industry. He is presently Chief Medical Officer of the Standard Life Assurance Company in Montreal and Chief Medical Officer at Munich Reinsurance Company as well a Consulting Medical Officer to Exam One Canada. He is Past President of the Canadian Life Insurance Medical Officers Association (CLIMOA).
Romeo Vitagliano* began his career in the financial services industry as a producer and later went on to hold increasingly senior executive positions as a risk selection professional. He is privileged to have been Metlife's last chief underwriter in Canada. A former Canadian editor of On The Risk - the Journal of the Academy of Life Underwriting - he is an author of a number of risk selection papers, newsletters and studies.
*Dr. Tim Meagher and Romeo Vitagliano are available to speak at conferences and seminars upon request.
New Continuing Education Courses Available for the Life and Health Insurance Producer
Producers who sell life, health and variable products are constantly challenged with supporting and selling new products and services. Staying abreast of all of this ever-changing information is a snap with the new titles added to the RegEd library! If those titles do not fill your continuing education needs, don’t worry, we have several courses coming soon! As always, you should review information on the RegEd website www.reged.com to confirm the continuing education approvals for these titles in your state as well as to assure that you are following all of the rules of the department of insurance for the state(s) in which you hold a license.
CPE Pilot Testers Needed!
StoneRiver – RegEd has recently developed several new courses eligible for CPE continuing education (CE) credit and we are looking for pilot testers of the material to assist in the CE credit approval process. The courses currently available for testing include: We also have several new courses specifically designed with the CPE professional in mind in our development queue. Those topics include: If you are interested in pilot testing any of the courses listed above, please visit www.reged.com/cpepilottesting.
Continuing Education for Adjusters Now Available!
In several states insurance claims adjusters have a continuing education (CE) category specific to their role. In other states the adjuster CE courses are included with the Property and Casualty (P&C) category. RegEd has created a subcategory for adjuster CE within the P&C library to assist the adjuster in determining which courses are best suited to their role. Check back often as we are continuing to add new material to this insurance category!
Full Offering - Property and Casualty Library Now Available!
StoneRiver – RegEd has launched a full library of courses appropriate for producers licensed to sell Property and Casualty (P&C) insurance products. The courses enhance our existing P&C library covering both personal and commercial lines. To confirm the course approvals and hours available in the state in which you are licensed, visit www.CEAuthority.com. Check back often as we are continuing to grow this branch of our library!
Iowa - Effective July 1, 2009 - No Paper Licenses or Reminders!
Iowa is introducing paperless processes. Make sure your email address is current as Iowa will only email reminders and notices. Additionally, Iowa will no longer print or mail paper copies of licenses. However, producers may print their own copy.
Ethical Actions Surrounding Suitable Recommendations - A Life/Health Essentials Course
As ethics heats up in government regulators' eyes, you need to make sure your practices are perfectly clean! This course provides scenario-based situations that require a registered representative to make ethical decisions and take appropriate action when considering the suitability of a recommendation of a financial product to a client. Real life scenarios create a practicum every agent should take. May be eligible for insurance and professional designation continuing education credit.
Mississippi - November 1, 2009 - Renewal Date & CE Changes
Effective November 1st of this year, Mississippi renewal dates for individual licenses will be biennially on the last day of the licensee's birth month. Individuals currently licensed will transition to the new renewal date on their next renewal date and will have a minimum of 13 months for initial renewal license period. Life, Accident & Health (LAH) licensees will be given a new renewal date after their December 31, 2009 renewal. Property/Casualty (PC) licensees will transition to the new renewal cycle after their 2010 renewal. Individuals who hold both LAH and PC licenses will renew both licenses by December 31, 2009. If an individual with both LAH and PC license has declared the PC license as their primary license, the individual will be allowed to renew both licenses by the December 31, 2009 deadline, but provide proof of continuing education completion by May 31, 2010.
Continuing Education Transition
After an individual has transitioned to the new biennial license, they must complete 24 hours of continuing education every two years. Three of the required hours must be in ethics.
Hot Topic: Do you know what coverage they need? Protecting the Cyber-Business
As technology proliferates, businesses are changing the manner in which they do business. Have you been approached by e-only businesses? Know how to serve this market. Speak insurance coverage in their language. This course focuses on the needs of cyber-businesses. May be eligible for insurance and professional designation continuing education credit.
|
