Would the Life-Only Agent or the Accident and Health Agent be authorized to sell annuity products?
The agent who holds both the Life-Only and Accident and Health Agent licenses (full life license) or only the Life-Only Agent license will be authorized to solicit individual consumers in order to sell annuities. However, an agent that only holds an Accident and Health Agent license is not authorized to negotiate, transact, or sell annuities. Note: The Life-Only and Accident and Health Agent (full life license) or the Life-Only Agent must complete the annuity training requirements stated in Section 1749.8 et se. of the California Insurance Code. Specifically, any Life-Only and Accident and Health Agent (full life license) or Life-Only Agent must complete an initial eight-hour annuity training course prior to selling annuities. That agent must complete four-hours of annuity training each license renewal period thereafter. For resident agents, this requirement shall be a part of, and not in addition to, the CE requirements stated in Section 1749.33 (a) and (c).
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- Would the Life-Only Agent or the Accident and Health Agent be authorized to sell annuity products?
