Insurance Continuing Education Press Releases
For Immediate Release
Michigan Adopts NAIC Annuity Suitability Model Regulation course, Announces Product Specific Training Requirement
06/01/2013 – Newport Beach, CA – Michigan has adopted the NAIC Suitability in Annuity Transaction Model Regulation 4 hour course, as well as the requirement that all producers complete a Product Specific Training course for the products they intend to sell, this training is provided by the insurer.
Success Continuing Education is pleased to announce that the state of Michigan has approved their NAIC Annuity Suitability course. This course satisfies the recently enacted annuity training requirement (effective 06/01/2013). Michigan producers who complete this course will also receive 4 hours of insurance continuing education credit. The course can be accessed at www.SuccessCE.com.
The Michigan Department of Insurance requires agents who hold a life insurance line of authority and desire to sell annuities complete this one-time 4 Hour Annuity Training course by 12/01/2013 in order to continue selling annuities. Producers licensed on or after 06/01/2013 must complete this requirement before selling annuities.
This requirement applies to both resident and non-resident producers. Michigan will however accept the completion of annuity training in a state with substantially similar annuity training requirements.
“Not only does Success CE provide the 4-hour annuity suitability requirement, we also provide all state-specific and required continuing education courses,” states James Burch of Success CE’s Institutional Sales Team.
In addition to the 4-Hour Annuity Suitability requirement, producers must complete training that is specific to the product they intend to sell. Product Specific Training is provided by the carriers.
“Success CE has the capability to provide and track all annuity suitability requirements. We also have made significant enhancements to our Product Specific Training Platform, which has the ability to place the correct Annuity Suitability and Product Specific Training courses in each individual producers’ account, eliminating inconvenience or error,” states Hazel Cruzado, Director of Live CE.
Success CE offers a convenient and free resource that tracks all annuity training requirements nationwide, and is updated to reflect changes as soon as they are enacted. This can be accessed at the Annuity Training Requirement Map.
About Success CE:
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courses for producers and adjusters, CFP Continuing Education, Pre-Licensing Study
Courses for Insurance and FINRA licenses, Securities (Firm Element) Continuing
Education, CPA Continuing Education, CIMA Continuing Education, CLU/ChFC (PACE)
Continuing Education, and Legal (MCLE) Continuing Education.
The Success Family consists of these leading brands, Success CE, www.SuccessCE.com, Success Live
CE (formerly ClienTell CE) www.SuccessLiveCE.com
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First Choice CE www.FirstchoiceCE.com,
For Immediate Release