Education

​One-time course required 

Any producer who sells annuity products must complete a one-time, four-credit course provided by a continuing education provider registered with the Insurance Division.

This suitability training must include information on: 

  • The types of annuities and various classifications of annuities
  • Identification of the parties to an annuity
  • How fixed, variable, and indexed annuity contract provisions affect consumers
  • The application of income taxation of qualified and nonqualified annuities
  • The primary uses of annuities
  • Appropriate sales practices, replacement, and disclosure requirements

Annuity training courses may be conducted and completed by classroom or self-study methods (ORS 744.072​ and OAR 836-071-0180 to 836-071-0250).

Other key points

  • The required annuity suitability training counts towards your total continuing education hours requirement if it is an Oregon-approved course or if training from another state meets the requirements of ORS 744.088(1).
  • If you are appointed with multiple insurers, check with each insurer to see if the one-time, four-hour course meets its annuity training requirements.
  • The appointing insurer is responsible to verify that you receive the required training before you sell its annuity products.

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