Best Interest Standard Coming to Multiple States

The following states recently adopted the new NAIC Best Interest Standard:

  • Maine: January 1, 2022
  • Montana: October 1, 2021
  • North Dakota: January 1, 2022
  • Texas: September 1, 2021
  • Virginia: September 2, 2021

Producers in Maine, Montana, North Dakota and Virginia who completed a four-credit training course before the effective date must complete one of the following within six months of the effective date. For producers in Texas one of the following must be completed within four months of the effective date.

  • A new four-credit training course; or
  • A one-credit training that covers the new standards and requirements.

To get help with new illustrations or for more information, call 801-568-2626 or email us at [email protected].

 

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