California Senate Bill, SB 263, adds Section 1749.81 to the California Insurance Code. That CIC section states, in part, that “A life agent licensed on or after January 1, 2024, who sells life insurance policies other than term life with no cash value, shall satisfactorily complete four hours of training before soliciting individual consumers to sell nonterm life insurance policies.” This course is designed to meet this California requirement. This course does not include the California Department of Insurance’s required one-hour Agents and Brokers Anti-Fraud Training. The one-hour Agents and Brokers Anti-Fraud Training requirement must be met separately.
Upon completion of this course, you should be able to:
- Identify and describe the key features of permanent life insurance and the disability benefits that may become a part of them;
- Define and discuss individual modified endowment contracts (MECs) and the tax treatment of life insurance policies generally;
- Identify and explain the common provisions found in life insurance policies;
- Describe the obligations the producer has to the insurer, consumer and regulators; and
- Identify the information a producer needs to have to make a suitable life insurance recommendation.
Disclaimer
The California Department of Insurance is released of responsibility for approved course material that may have a copyright infringement. In addition, no course approved for either prelicensing or continuing education hours or any designation resulting from completion of such courses should be construed to be endorsed by the Commissioner.
No advance preparation needed
Program Level – Basic
Program prerequisites – None
Delivery method – QAS self-study
Recommended CPE credits – 4
Recommended field of study – Insurance/Financial Planning/
Copyright 2024 by Winn Publications ALL RIGHTS RESERVED. NO PART OF THIS COURSE MAY BE REPRODUCED IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE COPYRIGHT HOLDER. All materials relating to this course are copyrighted by Winn Publications. Purchase of a course includes a license for one person to use the course materials. Absent specific written permission from the copyright holder, it is not permissible to distribute files containing course materials or printed versions of course materials to individuals who have not purchased the course. It is also not permissible to make the course materials available to others over a computer network, Intranet, Internet, or any other storage, transmittal, or retrieval system. This document is designed to provide general information and is not a substitute for professional advice in specific situations. It is not intended to be, and should not be construed as, legal or accounting advice which should be provided only by professional advisers. No advance preparation needed Program Level - Basic Program prerequisites - None Delivery method - QAS self-study Recommended CPE credits - 4 Recommended field of study - Insurance/Financial Planning
