Insurance Continuing Education Press Releases
For Immediate Release
Idaho Adopts NAIC Model Regulations and Product Specific Training Requirement
4/4/2013 -- Newport Beach, CA -- Idaho has adopted the NAIC Model Regulations for Suitability in Annuity Transactions course and the requirement that producers complete a product specific training course that is provided by the insurer.
According to this addition to Idaho’s insurance rules, insurers must provide product specific training (PST) and materials to producers to explain all of the “material features” of those products. The insurer must establish their own standards for product specific training, and a producer may not sell or solicit the sale of annuities unless they have complied with their insurer’s PST standards.
“SuccessCE is committed to being the first company to offer not only the 4-hour Annuity Suitability course, but all state-specific continuing education courses in any state that adopts the requirement,” states Shelley Bell of Success CE’s Institutional Sales Group.
As more states pass their own variations of the Model Regulations, it becomes increasingly complicated for producers to figure out which courses they must take. In order to keep track of this dynamic process and the rapid state-by-state development of annuity training requirements, Success CE offers a free comprehensive resource that tracks all annuity training requirements nationwide.
This can be accessed at the Annuity Training Requirement Map.
This course is available online at Successce.com or InsuranceContinuingEducation.com and can also be found on all current Success CE affiliate company websites for corporate clients. Any agent taking the NAIC course will receive 4 hours of CE credit as well, regardless of if they intend to sell annuities or not.
“We are committed to helping agents comply with these constantly evolving annuity requirements as fast and with as little confusion as possible. Our Success Management System (SMS) keeps tracking requirements and completing the necessary courses simple and easy,” says J. William Cooley, President/CEO.
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For Immediate Release