Compliance 

Anti-Money Laudering | California Annuity CE Requirements | CE Credits (Discounted Costs) | CE Credits / Ethics | Do Not Call Law | Senate Bill 620

 Anti-Money Laundering Training

We are pleased to offer you a chance to complete your insurance producer anti-money laundering (AML) training requirements.  This AML training option is accepted by all of the life insurance carriers CPS represents.  It is easy to use, will save you a lot of time, and best of all, is completely free to you! The training program includes a Web-based registration process that allows you to register yourself just ONCE (designating your CPS and carrier associations) and then will track and report your course results to all of the insurance carriers you request. The base course is approximately 40 minutes of training and - you are required to take additional carrier-specific training based on your selections. To get started and be directed to registration for this program click here - http://www.brainshark.com/advancedmeetings/CPS

Link to Anti-Money Laundering training program login page - http://nailba.limra.com/Nailba_default.html

Anti-Money Laundering FAQ

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Anti-Money Laundering Regulations
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 California Annuity CE Requirements

Senate Bill 620, Issued in 2004, mandates that all insurance agents who wish to sell fixed rate, fixed indexed or variable annuities take an 8-hour continuing education course for any annuity business written after December 31, 2004. The 8-hour course is still a requirement for those who have not taken it. In addition, a 4-hour follow up course is required to be taken every 2 years thereafter.

Click here for details.

 CE Credits (Discounted Costs)

Your search for high-quality, cost-effective, and convenient continuing education has brought you to the right place. CPS, NAILBA and LOMA have partnered to offer you the best selection in industry e-learning options.

 Continuing Education - Ethics Requirement In California

Effective June 24, 2006, ethics continuing education is required every license term. The new requirement does not increase the total continuing education hours that must be completed; it does require that no less than the number of required hours must be in an approved ethics course. Click here for the details.

 Do Not Call Law

As you know, the FTC and FCC have each issued regulations allowing consumers to register their telephone numbers on a national Do Not Call list. The regulations prohibit insurers from calling phone numbers on the national list. If consumers do receive a call, they can file a complaint that could result in fines. Our partners at Mutual Of Omaha have compiled a FAQ document which details issues related to the restrictions, as well as what you can do to be in compliance. Take the time to click the link below, and review the document. As you will see, charges vary based on the volume of calls you make - assuming an average calling time of 1 minute, 500 calls a month would cost about $35 - but, hey, compliance is priceless, is it not? If you are interested in getting more information, or signing up for the service Mutual Of Omaha makes available to you, please call the 800# listed on the bottom of the last page of the document.

Do Not Call Law Questions and Answers

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 Senate Bill 620

California has enacted a broad new set of requirements, most of which are effective as of January 1, 2004, that impact life, annuity, long term care, and/or disability product advertising, sales or lead generation geared to seniors, age 60 or 65 and older, depending upon the specific activity. Please click on the link that follows to read the details regarding SB620

Senate Bill 620 Details

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Anti-Money Laudering | California Annuity CE Requirements | CE Credits (Discounted Costs) | CE Credits / Ethics | Do Not Call Law | Senate Bill 620

 



Midwest Life
B
rokerage
1717 N. Naper Blvd.
Suite 200
Naperville, IL 60563
Phone 630-428-7640