Page 23 – Identify the Parties to an Annuity Page 23 – Describe the rights and obligations of the annuity owner. Page 23 – Identify the entities eligible for annuity ownership. Page 24 – Distinguish the rights of the annuity owner in owner-driven contracts. Page 25 – Distinguish the rights of the annuity owner in annuitant-driven contracts. Page 26 – Describe the rights and obligations of the annuitant. Page 26 – Identify the entities eligible for the role of annuitant. Page 26 – Distinguish the role of annuitant in owner-driven contracts. Page 26 – Distinguish the role of annuitant in annuitant-driven contracts. Page 28 – Describe the rights and obligations of the insurance company (Sections 10127.10, 10127.11, 10127.12, 10127.13 & 10509.6 of the California Insurance Code [CIC]). Page 28 – Distinguish obligations with insurance company issued non-qualified annuities. Page 28 – Distinguish obligations with insurance company issued annuities for individual retirement accounts, tax sheltered annuities, and qualified retirement plans. Page 29 – Introduce insurance rating services including, but not limited, to the following: Page 29 – A.M. Best Page 29 – Standard & Poor's Page 29 – Moody's Page 30 – Advertising Responsibilities (Section 787 of the CIC) Page 32 – Policy Cancellation & Refunds (Sections 786, 10127.10 & 10509.6 of the CIC) Page 34 – Describe the rights and obligations of the insurance producer. Page 34 – Disclosure (Section 789.8 of the CIC) Page 36 – Illustrations (Sections 1725.5 & 10127.11 of the CIC) Page 37 – Replacement (Sections 10509.4 & 10509.8 of the CIC) Page 39 – Free Look Period (Sections 786 & 10127.10 of the CIC) Page 44 – Importance of Reviewing Sample Contracts Page 45 – Describe the rights of and options available to beneficiaries. Page 45 – Identify the entities eligible for the role of beneficiary. Page 46 – Discuss the settlement options available to beneficiaries. Page 46 – As a Surviving Spouse Page 46 – As an Individual or Entity Other than a Surviving Spouse
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