- (1) A producer may not solicit the sale of an annuity unless the producer has knowledge that is adequate to make a recommendation of the annuity, has complied with the insurer’s standards for product training, and meets the requirements of ORS 743.262(13).
(2)
- (a) A provider of an annuity training course intended to comply with this section shall register as a continuing education provider in this state and comply with the rules and guidelines applicable to insurance producer continuing education courses as set forth in ORS 744.072 and OAR 836-071-0180 to 836-071-0250.
- (b) Annuity training courses may be conducted and completed by classroom or self-study methods in accordance with ORS 744.072 and OAR 836-071-0180 to 836-071-0250.
- (c) Providers of annuity training shall comply with the reporting requirements and shall issue certificates of completion in accordance with OAR 836-071-0180 to 836-071-0250.
Statutory/Other Authority
ORS 731.244 & 743.262
Statutes/Other Implemented
ORS 746.100, 746.110, 746.240 & 743.262
History
ID 19-2024, amend filed 08/12/2024, effective 08/12/2024
ID 54-2023, temporary amend filed 12/20/2023, effective 01/01/2024 through 06/28/2024
ID 2-2011, f. & cert. ef. 2-4-11