Ohio recently adopted the National Association of Insurance Commissioners (NAIC) revisions to the Suitability in Annuity Transactions Model Regulation.
As part of the Best Interest Standards, Ohio has implemented the following regulatory training requirements:
If you were licensed in Ohio and completed model law training before February 14, 2021, you must complete the 1-hour best interest supplemental training course or the new 4-hour training course on or prior to August 14, 2021.
For those licensed on or after February 14, 2021, the new 4-hour training course will be required before selling annuities.
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