Tell me more about California Senate Bill 620 and how this effects how annuities will be sold in 2005?
Senate Bill 620 requires that resident and non-resident agents who wish to sell annuities in California in 2005 must take a special 8-hour Continuing Education course before 12/31/04. We refer to the course as special because it could change how annuities are sold after January 1, 2005 as it relates to in-house solicitations, replacements, surrender charges, and more. W.V.H, Inc.’s C.E. course, The Encyclopedia of Annuities 2004, (online, CD-ROM, and textbook version) is approved from the California Department of Insurance.
