NAIC Annuity Best Interest State Adoptions
The NAIC's revised Suitability in Annuity Transactions Model Regulation and new Best Interest standard is being adopted on a state-by-state basis. States are not required to adopt the revision. However, if your state does not adopt the updated model regulation, this may lead to additional annuity training requirements.
The map below shows the adoption status of the updated model regulation in each state (the “NAIC Model Regulation States”). States highlighted green on the map have officially adopted the revised Suitability in Annuity Transactions Model Regulation and Best Interest training standard, and WebCE courses are available to complete. The yellow states have adopted the new regulation, but it has not yet taken effect. Courses cannot be attempted until after the effective date; therefore WebCE cannot offer courses for these states until the effective dates shown on the chart to the right of the map below. The blue states are considering adoption and grey states have no action.
WebCE courses available to satisfy the training requirements are titled 1-Hour NAIC Best Interest Standard for Annuities and 4-Hour Annuity Suitability and Best Interest Standards.