Compliance required by August 14, 2021
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.
Training is available through the RegEd platform.
To get help with new illustrations or for more information, call 801-568-2626 or email us at [email protected].
- July 22, 2021
- Brad Neves
- Carrier News
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