Course Information

Insurance CE > Texas > Life / Health

Annuity Best Interest Standards

Overview

For today’s insurance producer, the role has shifted from salesperson to advisor, addressing client needs through professional guidance. This change aligns with market trends, higher consumer expectations, and more complex products. Recognizing these shifts, the NAIC revised standards for recommending and selling annuities. This course covers the NAIC’s 2020 “Suitability in Annuities Transactions” model regulation, including the new best interest standard, essential for those selling annuities in this state.

Summary Details

Hours

1.0

Price

$14.95

4.71 (528 Ratings)

Learning Objectives

Articulate what the regulation means by "best interest standard"
Describe how producers can meet the best interest standard
Explain the associated producer obligations that pertain to care, disclosure, conflicts of interest, and documentation
Outline the requirements that insurers have to create and maintain a system of supervision to ensure compliance with the model regulation
Cite the types of financial professionals who may qualify for a "safe harbor" exemption to the NAIC's model regulation and the comparable standards they have to meet

Designed For:

Licensed producers and advisors looking to satisfy their TX ongoing annuity training requirements.

Important Study Requirements: The Texas DOI does not permit agents to access the final exam until the student's time in the course equals the number of approved credit hours.

Course Information

Adding additional credit may change exam requirements.

Access Period:	12 months
Prerequisites:	None
Delivery Method:	Self-Study
PDF Download:	Available
Provider of Record:	WebCE
Provider Number:	46877
Last Reviewed:	August 2023
Study Level:	Intermediate
Approved For:	Annuity - Ongoing

Exam

Proctor:	No
Passing Grade:	70
Questions:	10

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