NAIC Suitability by State

 

2010 Model: An insurance producer who engages in the sale of annuity products shall complete a one-time four (4) credit training course approved by the Department of Insurance. Insurance producers who hold a life insurance line of authority on the effective date of this regulation shall complete training within six (6) months after the effective date.

New 2020 Best Interest Standard: Existing producers have the option to complete either a new 4-credit training course, approved by the Department of Insurance, that includes the Best Interest Standard, or a 1-hour supplementary training course specific to the Best Interest Standard. Most states allow existing producers a 6-month grace period for completion; however, the grace period may vary by state. New producers must complete the 4-credit training course.

 

2010 Suitability in Annuity Transactions Model Training Requirement Dates

2020 Suitability in Annuity Transactions Model Training Requirement Dates

 Newly State LicensedCurrently State LicensedNewly State LicensedCurrently State Licensed
 Effective DateEnd of Grace PeriodEffective DateEnd of Grace Period
Alabama1/1/177/1/171/1/227/1/22
Alaska10/16/114/16/12  
Arizona1/1/181/1/1812/31/206/30/21
Arkansas

No Requirement

No Requirement

6/29/211/1/22
California1/1/121/1/12  
Colorado4/1/1110/1/11  
Connecticut2/18/128/18/123/1/229/1/22
Delaware6/1/1712/1/178/1/212/1/22
District of Columbia6/24/116/24/11  
Florida10/1/1310/1/13  
Georgia3/1/169/1/16  
Hawaii1/31/121/31/12  
Idaho4/4/1310/4/131/1/217/1/21
Illinois7/1/127/1/12  
Indiana1/1/127/1/12  
Iowa5/1/115/1/111/1/217/1/21
Kansas6/1/1312/1/13  
Kentucky1/1/127/1/12  
Louisiana8/15/121/1/13  
Maine11/1/155/1/161/1/227/1/22
Maryland11/1/115/1/12  
Massachusetts7/1/1612/31/16  
Michigan6/1/1312/1/136/29/2112/29/21
Minnesota1/1/147/1/14  
Mississippi9/1/139/1/14  
Missouri3/30/179/30/17  
Montana

No Requirement

No Requirement

10/1/214/1/22
Nebraska7/19/121/19/13  
Nevada

No Requirement

No Requirement

  
New Hampshire1/1/156/30/15  
New Jersey8/4/138/4/13  
New Mexico

No Requirement

No Requirement

  
North Carolina

No Requirement

No Requirement

  
North Dakota8/1/118/1/121/1/227/1/22
Ohio7/1/111/1/122/14/218/14/21
Oklahoma7/14/107/14/11  
Oregon8/1/118/1/12  
Pennsylvania12/25/1812/25/18  
Rhode Island6/1/1112/1/114/1/2110/1/21
South Carolina9/25/113/25/12  
South Dakota7/1/121/1/13  
Tennessee11/1/155/1/16  
Texas9/1/113/1/129/1/211/1/22
Utah

No Requirement

No Requirement

  
Vermont

No Requirement

No Requirement

  
Virginia1/18/181/18/189/1/213/1/22
Washington3/29/129/29/12  
West Virginia7/1/1112/31/11  
Wisconsin5/1/1111/1/11  
Wyoming9/26/143/26/15