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Insurance

CE Florida - Senior Suitability - Annuity and Life Insurance Transactions for Seniors


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Course Description:
INSCE017 - Senior Suitability - Annuity and Life Insurance Transactions for Seniors

The Florida Legislature passed a law addressing the issue of annuity fraud and strengthening penalties against Agents who use predatory sales practices. Since its passage, the statute has been revised and updated several times. The purpose of this law is to “set forth standards and procedures for making recommendations to senior consumers which result in a transaction involving annuity products to appropriately address the insurance needs and financial objectives of senior consumers at the time of the transaction”. The statute is based on the National Association of Insurance Commissioners (NAIC) Senior Protection in Annuity Transactions Model Regulations, which has been adopted in some form in many other states.

Course topics include:  Florida Statute 627.4554,  Purpose, Definitions,  Products, Ethical Considerations,  Duties of Insurer and Insurance Agent,  Education Requirements, Bookkeeping and Penalties. Four case studies are also included.  

This course has been approved by the Florida Department of Financial Services for insurance continuing education credit. This FL Intermediate CE course is approved for 3hrs of CE credit for all licenses (except 3-20/T31-20). Students can complete the course at their own time and pace via the Internet. No classroom attendance required. Earn your credits online in our virtual classroom!

Course Provider: OnLine Training, Inc. 
FLDFS Provider #: 366468
Course Approval #: 81791



Course Details:
  • Course Type: eLearning
  • Length: Minimum of 3.00 hours
  • Format: 100% On-Line
  • Requirements: The Florida Department of Insurance has approved this Continuing Education course. For your updated CE records, call the State at 850-413-3137 or log onto www.fldfs.com and click on Insurance.
  • Once you have completed registration, you will receive an email (usually within 1 business day) with your login instructions.
  • Classes presented by the CCTI@IRSC are for personal enrichment, professional certification and licensing or continuing education purposes only. They do not qualify for college credit and therefore are not eligible for discounts, Florida pre-paid, State tuition waiver programs or funding for college level classes.
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