Disclosure of Adverse Actions

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As an Athene producer, you are required to disclose any adverse action taken against you to our Compliance Department within five days of the occurrence, regardless of whether it is related to your relationship with Athene.

Adverse actions include, but are not limited to, the following:

  • If you have had your insurance license, securities license, or other fiduciary license suspended or revoked, or if you have been denied an insurance license by an insurance department.
  • If you have had a complaint filed, a regulatory inquiry/investigation, arbitration, or been sued by an insurance department, FINRA, state securities office, attorney general or any other regulatory agency.
  • If you have had lawsuits or claims against you, your surety company or your E&O insurer due to your sales or practices. You must also disclose if you have been refused surety bonding or E&O coverage.
  • If you have been involved in any litigation or have unsatisfied judgment or liens, including tax liens, against you.
  • If you have been charged with, pled guilty to, nolo contendere to, or been found guilty of, any felony or misdemeanor or are currently under indictment. Please be aware that if you are disclosing a conviction for any felony involving dishonesty or breach of trust, you must also provide proof of written consent from the State Insurance Commissioners where you are licensed (See 18 U.S. Code Sec. 1033.)
  • If any insurer, insured, or other person claims any commission chargeback or other indebtedness from you as the result of any insurance transactions or business.
  • If you have been discharged from any employment or had your producer contract terminated for reasons other than low production.
  • If you file for bankruptcy.

The Agent Disclosure Form has been created to assist you with disclosing any of the above adverse actions. If you have any adverse action not previously disclosed to Athene, please complete the form in its entirety and send via fax to the Compliance Department at 877-522-2005 along with all relevant documentation. If you have no adverse action to report, no action is required.

State requirements

Most states also require disclosure of any adverse action. Please review your individual state(s) regulations to determine whether disclosure to the Commissioner of Insurance is required.
Below is one example:

California: The California Department of Insurance (CDI) issues an annual reminder of requirements regarding reporting administrative actions and criminal convictions. This reminder states that all resident and non-resident producers licensed in California are required to report any changes to their background information to the CDI within 30 days of the date the licensee learns of the change.

Please check with each state you hold a license for further details. 

Thank you for your business. At Athene, we create opportunities to do more with competitive annuity solutions for accumulation, income, protection and legacy.