Under California Insurance Code Section 1749.8, a life agent who sells annuities must complete:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
CIC Section 1749.8 requires every life agent who sells annuities to complete eight hours of commissioner-approved training before soliciting individual consumers to sell annuities, and four hours of additional training before each license renewal. The initial eight hours does not satisfy the four-hour renewal requirement. For resident licensees the training counts toward the continuing education requirement, although it may result in completing more than the minimum number of CE hours. Topics must include California annuity law, prohibited sales practices, and recognition of indicators that a prospective buyer may lack the judgment to purchase the product.
Why the other options are wrong
- B) The order is reversed: it is eight hours initially and four hours at each renewal, not four hours then eight.
- C) A two-hour course is far below the eight-hour initial requirement.
- D) Holding a life license alone is not sufficient; annuity sellers must complete the specific training before selling.
Memory hook
Annuity sellers train 8 before the first sale and 4 more every renewal; the two courses never substitute for each other.