District Of Columbia Insurance Producer License Exam

DC insurance suitability rules for annuity sales require agents to:

Only sell annuities to clients over age 70 Determine that the annuity is appropriate for the customer's financial situation, needs, and objectives before recommending it Provide a 60-day money-back guarantee on all annuity sales File each annuity sale with the DISB within 10 days

Correct Answer:

Determine that the annuity is appropriate for the customer's financial situation, needs, and objectives before recommending it

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