Under 50 Ill. Adm. Code 3120.60, before an Illinois producer may solicit annuity sales for the first time, how many hours of one-time training, plus how many additional hours of Illinois-specific content, must be completed?

Why this is the answer

50 Ill. Adm. Code 3120.60 implements the NAIC Suitability in Annuity Transactions Model. Illinois producers must complete a one-time 4-hour annuity training course before soliciting any annuity, and effective with the 2020 best-interest update, an additional 1-hour Illinois-specific module is required. Failure to complete this prerequisite training means the producer cannot lawfully recommend or sell an annuity to an Illinois consumer, regardless of whether the producer holds the life line of authority.