This 4 hour course covers the requirements outlined by the National Association of Insurance Commissioner and approved by the Department of Insurance.
Exam Proctor Requirements: Closed-book exam must be monitored by a disinterested 3rd party of at least 18 years of age, who has no corporate employment, personal relationship, or other interest in the student’s performance on the exam.
Course Introduction Statement
This Statement must be disseminated at the beginning of ALL CE courses regardless of format in which the course is offered.
IT IS YOUR RESPONSIBILITY TO BE CE COMPLIANT, INCLUDING PAYMENT OF ALL FEES. IF YOU CHOOSE TO DELGATE RESPONSIBILITY FOR KEEPING TRACK OF AND/OR ENSURING YOUR CE COMPLIANCE TO ANOTHER PERSON ( SUCH AS AN AGENCY MANAGER, SECRETARY, LICENSING CLERK, COMPLIANT OFFICER, FELLOW AGENT, FAMILY MEMBER, OR OTHER THIRD PARTY), THE ULTIMATE RESPONSIBILITY FOR NONCOMPLIANCE, AND ANY RESULTING PENALTIES, WILL CONTINUE TO BE YOU
- This course is categorized as Non-Company/Non-Agency. (highlight the relevant type). No more than 75 percent of your required credits can come from (see inside front cover of the handbook). Additionally, at least three (3) course credits must be earned for Ethics (Laws and Regulations).
- This course has been approved for 4 Credits, Annuity Suitability (Course# 216402).
- Classroom coursed- One credit hour is 50 minutes of continuous instruction or participation. Your attendance will be verified via the sign-in/sign-out sheets located with the door monitor. Only the students meeting minimum attendance requirements may receive certificates of course completion.
- Agents cannot receive CE credit for a course taught in alternative formats (a classroom course, online course, video or audio conference, web-conference-based, ect.) if the curriculum is based on the same published materials; this rule applies to any variation of course type. It is the provider’s responsibility to track enrollment to ensure that agents are not enrolled in two or more coursed based upon the same published materials.
- Excess earned Ethics may be applied to cover other CE requirements in the current biennium and any remaining credits may be carried over to the next biennium and applied to either the Ethics requirement or other CE requirement.
- Agents are not allowed to receive or carry over credit for the same course in the same biennium.
- ONLY the Virginia Insurance License Number (VLN) or the National Producer Number (NPN) are permitted for identification. Please be sure that you have recorded your number so that the instructor can read it, as illegible submissions will result in a delay of reporting course credits.
- This class may be audited by representatives of Pearson VUE. Pearson Vue is a private company who is in partnership with Vertafore was contracted by the Virginia Insurance Continuing Educational Board to administer all facets of the continuing education program for the Board effective with the 2009-2010 biennium.
- CE credits for this course should be posted to your transcript within 20 calendar days. If your transcript does not reflect this course within 20 calendar days, please contact the provider.
- Agents are expected to give their full attention to this class. Upon entering the classroom cell phones should be turned off and put away. However, electronic devices with the exclusion of cell phones, are permitted in the classroom but should not cause a distraction. The volume of these devices should either be completely turned down or muted. Earbuds and headphones are not permitted.
- Agents and consultants who fail to update their address with the Virginia Bureau of Insurance may not receive important notices. Agents may update their addresses and add or update their email address online at www.virginia.gov/boi/online.aspx.
- Agents who are newly license in the second year of the biennium are exempt from the continuing education requirements for that biennium. These agents may elect to take continuing education courses and earn credits that may be carried over to the next biennium provided they pay the $20 continuance for the current biennium. Failure to pay this continuance fee will prevent the credit earned from being carried over to the next biennium when the agents will be required to meet all continuing education requirements.
Each agent should review the Virginia Insurance Continuing Education Agent information Handbook for complete guidelines at www.VirginiaInsuanceCE.com
NOTE: Agents should visit www.VirginiaInsuranceCE.com to view updated CE credits for the current biennium and compliance status (CE transcript) information and to pay their biennial Continuance fee of $20.00 due by November 30, 2016.
All continued education providers and instructors must strictly adhere to all relevant Program Requirements and all other standards set forth in this Provider Information Handbook. This Provider Information Handbook may be modified from time to time to reflect Commonwealth of Virginia statutory changes, regulatory changes by the State Corporation Commission, as well as policy changes made by the Virginia Continuing Education Board.
|Annuity Suitability Final Exam (VA)||01:00:00|