Variable Products: Suitability, Disclosure and Supervision
Other Registration Options & Cancellation Policy
October 2009 Course Agenda (PDF 39 KB)
This course qualifies for FINRA Institute at Wharton Certified Regulatory and Compliance Professional™ (CRCP™) credit for candidates who have taken courses prior to January 2007. Participants taking the course who are not CRCP Program candidates prior to January 2007 are not required to take the assessment exercise and will not earn CRCP credit.
Course Description
This course provides a survey of variable annuities and variable life products, and focuses on sales practices and regulatory requirements. Coursework covers the implementation of suitability and disclosure programs.
After completing this course, you will be able to:
- Identify characteristics of variable insurance products
- Discuss the sales practice and suitability issues associated with variable products
- Assess the suitability of a 1035 Exchange
- Identify and respond to red flags pertaining to suitability, disclosure of fees and services, and subaccount allocations
- Explain the suitability, supervision and training requirements under FINRA’s deferred variable annuity rule (NASD Rule 2821), including recently approved amendments that become effective February 8, 2010
Only FINRA’s Annual Conference is open to the media. All other FINRA conferences, pre-conferences, classroom learning, compliance boot camps and FINRA Institute at Wharton are closed to the media.
