Suitability in Annuity Transactions Model Regulation

Online Annuities Training Courses From WebCE

The National Association of Insurance Commissioners (NAIC) approved an update to its Suitability in Annuity Transactions Model Regulation. The update is a revised, consumer-focused set of standards and practices that prioritize consumers’ best interests and ensures all sales and recommendations of annuities are in the consumers' best interests. Overall, the biggest change the Suitability in Annuity Transactions Model Regulation brings is an upgrade in practice standards and requirements to ensure annuity sales and recommendations are in the best interest of the consumer.

WebCE has the information you need to stay up-to-date on state adoption of the Suitability in Annuity Transactions Model Regulation as well the courses you need to stay compliant should your state require additional annuities training.

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The National Association of Insurance Commissioners (NAIC) revised the Suitability in Annuity Transactions Model Regulation in February 2020. The model regulation will be adopted on a state by state basis and it is not required for a state to adopt the revision. Adoption in your state could lead to an additional annuities training requirement.

The green states highlighted below have adopted the Suitability in Annuity Transactions Model Regulation while the yellow states are considering adoption.

Annuities Training State Adoption