NAIC and Product Training

In 2010, the Harkin Amendment was passed, defeating SEC Rule 151A and declaring fixed indexed annuities to be insurance products instead of securities. With the passing of this legislation it imposed a greater oversight on the suitability of the annuity sales at the carrier level. There are two parts of training to the NAIC Suitability in Annuity Transaction Model Regulation as follows:

4 Hour Annuity Suitability CE Class

To determine if your state has adopted the NAIC Model Regulation. If you are required to take the Suitability class we offer various vendors to complete this training course online - http://www.webce.com/ and  www.successce.com.

Carrier Level Product training

Please note there are many carriers that require product training for all producers, all states. Some co’s require it only for the NAIC Model Regulation states – please visit the carrier’s website for training information.

Important - if you do not complete the required training by the specified completion dates of your state, any new business you send to the carrier will be rejected from the carrier, mailed back to you and all new paperwork will need to be obtained that is signed and dated after your training date.