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 →
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 →
The New Best Interest Requirement Massachusetts Division of Insurance recently adopted 211 CMR 96.00 Suitability in Annuity Transactions. Licensed insurance producers who hold a life insurance line of authority in Massachusetts and want to sell annuities on or after June…Continue Reading →
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 →
The New Best Interest Requirement Hawaii DCCA recently updated their requirements for Suitability in Annuity Transactions as a result of HB No. 2111. The regulation states that licensed insurance producers who hold a life insurance line of authority in Hawaii…Continue Reading →
