Series 66: Sales Charge

Taken from our Series 66 Online Guide

Sales Charge

Sales charges must be reasonable in terms of the services rendered. Under federal law, a sales load must not exceed 9% of the sum of the annual premiums that the insured would be expected to pay during the lesser of (1) her anticipated life expectancy or (2) twenty years.

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I sat for the Series 66 on March 16th. I got an 85. I give all kudos to Solomon. The study materials were excellent.

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