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NAIC Suitability by State

 2010 ModelNew 2020 Best Interest Standard
 An insurance producer who engages in the sale of annuity products shall complete a one-time 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 6 months after the effective date.

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
  • A 1-hour supplementary training course specific to the Best Interest Standard.

Most states allow existing producers a 6-month grace period for completion. The grace period may vary by state.  

New producers must complete the 4-credit training course.

 2010 Suitability in Annuity Transactions Model Training Requirement Dates2020 Suitability in Annuity Transactions Model Training Requirement Dates
 Newly State LicensedCurrently State LicensedNewly State LicensedCurrently State Licensed
StateEffective DateEnd of Grace PeriodEffective DateEnd of Grace Period
Alabama1/1/177/1/171/1/227/1/22
Alaska10/16/114/16/121/15/237/15/23
Arizona1/1/181/1/1812/31/206/30/21
ArkansasNo RequirementNo Requirement6/29/211/1/22
California1/1/121/1/12  
Colorado4/1/1110/1/1111/1/225/1/23
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  
Florida10/1/1310/1/131/1/247/1/24
Georgia3/1/169/1/168/1/232/1/24
Hawaii1/31/121/31/121/1/237/1/23
Idaho4/4/1310/4/137/1/211/1/22
Illinois7/1/127/1/128/1/232/1/24
Indiana1/1/127/1/12  
Iowa5/1/115/1/111/1/217/1/21
Kansas6/1/1312/1/131/1/47/1/24
Kentucky1/1/127/1/121/1/227/1/22
Louisiana8/15/121/1/13  
Maine11/1/155/1/161/1/227/1/22
Maryland11/1/115/1/1210/8/224/8/23
Massachusetts7/1/1612/31/1612/9/226/1/23
Michigan6/1/1312/1/136/29/2112/29/21
Minnesota1/1/147/1/141/1/237/1/23
Mississippi9/1/139/1/141/1/227/1/22
Missouri3/30/179/30/17  
MontanaNo RequirementNo Requirement10/1/214/1/22
Nebraska7/19/121/19/137/1/211/1/22
NevadaNo RequirementNo Requirement  
New Hampshire1/1/156/30/15  
New Jersey8/4/138/4/13  
New MexicoNo RequirementNo Requirement10/1/224/1/23
North CarolinaNo RequirementNo Requirement1/1/237/1/23
North Dakota8/1/118/1/121/1/227/1/22
Ohio7/1/111/1/122/14/218/14/21
Oklahoma7/14/107/14/119/1/232/29/24
Oregon8/1/118/1/121/1/247/1/24
Pennsylvania12/25/1812/25/186/20/2212/20/22
Rhode Island6/1/1112/1/114/1/217/1/21
South Carolina9/25/113/25/1211/27/225/27/23
South Dakota7/1/121/1/131/1/237/1/23
Tennessee11/1/155/1/161/1/247/1/24
Texas9/1/113/1/129/1/211/1/22
UtahNo RequirementNo Requirement  
VermontNo RequirementNo Requirement  
Virginia1/18/181/18/189/1/213/1/22
Washington3/29/129/29/121/1/247/1/24
West Virginia7/1/1112/31/116/8/2312/8/23
Wisconsin5/1/1111/1/1110/1/224/1/23
Wyoming9/26/143/26/157/5/231/5/24
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