Annuities

Oregon Annuity Best Interest Requirement

Oregon has adopted the new Annuity Best Interest training requirement. Effective January 1, 2024, Oregon SB 536 (2023) – Sales of Annuities – Insurance producer training includes the “Best Interest Standards” training requirement. Licensed insurance producers who hold a life…Continue Reading →

Oklahoma Annuity Best Interest Training

The New Best Interest Requirement Effective September 1, 2023, Oklahoma has adopted the Annuity Suitability and Best Interest Standard Model Act (#275). The training requirements are now located in Oklahoma Administrative Code (OAC) 365:25-17-7.1. Licensed insurance producers who hold a…Continue Reading →

Alaska Suitability in Annuity Transactions

The New Best Interest Requirement The Alaska Division of Insurance recently adopted RA22-01 modifying the existing training requirement for Alaska Suitability in Annuity transactions. The order goes into effect on November 23, 2022 and requires that all licensed insurance producers…Continue Reading →