Best Interest Standard is Coming to Multiple States

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

• Delaware: Effective August 1, 2021
• Idaho: Effective July 1, 2021
• Michigan: Effective June 29, 2021
• Ohio: Effective February 14, 2021
• Nebraska: Effective April 6, 2021

Producers who completed a four-credit training course before the effective date must complete one of the following within six months of the effective date:

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

Producers who did not complete a four-credit training course before the effective date must do so prior to their first sale.

For more information, click to view RegEd’s Best Interest Standard FAQ.

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