Annuities Selling Requirments
Initial 4 Hour Annuity Training Requirement:
· Resident agents who sell, solicit or negotiate annuities and were licensed prior to April 1, 2010 must complete a 4 hour Annuity Certification Course prior to their next renewal occurring on or after April 1, 2010.
· Resident agents with a license issued on or after 4/1/2010 must complete a 4 hour Annuity Certification Course before selling, soliciting, or negotiating annuities.
· The Annuity Certification course does apply towards the continuing education requirement.
· The Continuing Education exemption based on 20 years of continuous licensure does not apply to the Annuity Certification Course requirement
· This requirement only applies to resident agents.
Ongoing 8 Hour Annuity Continuing Education Requirement:
- Texas resident agents only must complete 8 hours of ongoing annuity continuing education during each renewal period subsequent to completing the initial one-time 4 hr. annuity training course. The initial one-time 4 hr. annuity training course counts towards this 8 hr. requirement during the renewal period it is completed.
- The Continuing Education exemption based on 20 years of continuous licensure does not apply to the Annuity Continuing Education Course requirement.
- This requirement only applies to resident agents.