Missouri adds the Best Interest standard adopted by the NAIC to their new training requirements for Suitability in Annuity Transactions. These rules have been adopted by a majority of states already, including all states surrounding Missouri. The updated training courses…Continue Reading →
California adds the “Best Interest” standards for their 8-hour and 4-hour annuity training courses beginning January 1, 2025. All California agents selling, soliciting or negotiating annuity products must complete the new 8-hour training by July 1, 2025. This applies to…Continue Reading →
Louisiana becomes the 45th state to adopt the NAIC’s (4) hour annuity training for all licensed producers selling, soliciting or negotiating annuities products. Louisiana has had an annuities requirement since 2012 but recently updated Regulation 89 Suitability in Annuity Transactions…Continue Reading →
As of 2020, Annuity Suitability training that includes the “Best Interest Standard” became a mandated training requirement for any insurance producer who sells, solicits, or negotiates an annuity product. This requirement was outlined in the NAIC Suitability in Annuity Transactions…Continue Reading →
Vermont has adopted the new Annuity Best Interest training requirement for all licensed life producers. Effective July 5, 2024, Regulation I-2023-01 Suitability in Annuity Transactions applies to all Vermont insurance producers who transact annuity products. Following the NAIC standards and…Continue Reading →
