WebA 1-hour supplementary training course specific to the Best Interest Standard. Most states allow existing producers a 6-month grace period for completion. The grace period may vary by state. New producers must complete the 4-credit training course. 2010 Suitability in Annuity Transactions Model Training Requirement Dates Web21 jan. 2024 · Updated training courses will include adopted NAIC’s 2024 Model Law #275 best-interest standards, which among other changes, outline the requirement for producers to act in the best interest of the consumer at the time the annuity recommendation is made. Required Training

IA Annuities CE Course Package - Insurance CE WebCE

Web• Annuity Best Interest Training – you must complete a one-time 4-hour Arizona approved course prior to soliciting or selling annuity products. Producers who have already completed the original training requirement (see Effective Date 12/31/2024 section below) WebDuties of insurers and agents. 14VAC5-45-40. Duties of insurers and agents. A. Best interest obligations. An agent, when making a recommendation of an annuity, shall act in the best interest of the consumer under the circumstances known at the time the recommendation is made, without placing the agent's or the insurer's financial interest … face fart website

NAIC New Best Interest Standard for AL, AZ, AR, CT, DE, IA, ID, …

Web1 mrt. 2024 · For producers who have completed the current Annuity 4-hour training, there will be a new 1-hour supplemental training required. Please note, there is a grace period of 6 months for producers who have previously taken the 4-hour training and are currently licensed in the state adopting the regulation. WebA new 4-hour annuity training course approved by the state insurance department after January 1, 2024; or An additional one-time 1-hour credit training course approved by the state insurance department on sales practices under the new NAIC regulation WebAny producer who has completed an approved annuity training course prior to July 1, 2024, shall complete either a new four-credit annuity training course or an additional one-time, one-credit training course approved by the Nebraska Department of Insurance and provided by a Nebraska-approved continuing education provider on appropriate sales … does rogaine cause shedding