CA | Insurance Commissioner Ricardo Lara sponsored legislation, Senate Bill (SB) 263 (Dodd, Chapter 2, Statutes of 2024) related to annuities and life insurance policies, was signed by Governor Gavin Newsom on February 29, 2024, and will take effect on January 1, 2025. This new law updates the four-hour annuity curriculum training requirements in California Insurance Code (Insurance Code) sections 1749.8(b), 10509.915(b) and 10509.9205(b) in SB 263, which requires life agents who sell annuities to satisfactorily complete an initial eight hours and four hours of annuity training prior to each license renewal. This Notice is specific to the annuity four-hour training requirement.
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