State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-1243.07, before an Arizona producer may sell, solicit, or negotiate annuities, the producer must:
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under A.R.S. 20-1243.07, an Arizona producer with an annuity line must complete a one-time annuity training course before selling, soliciting, or negotiating annuity contracts. The requirement is a precondition to transacting annuity business, not a recurring annual obligation, so a producer who has satisfied the course once has met Arizona's training gate for annuity work.
Why the other options are wrong
- A) A securities license is not the requirement created by A.R.S. 20-1243.07, and DIFI does not issue securities licenses for this purpose.
- B) No fidelity bond posting is required by the annuity training statute.
- C) The training is a one-time requirement, not an annual course repeated every 12 months.
Memory hook
Train once, then sell annuities — one-time gate under 20-1243.07.