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Insurance Continuing Education Press Releases


 

  For Immediate Release
For More Information
Shelley Bell
SBell@SuccessCE.com
www.successce.com
770.783.0174

South Dakota Adopts NAIC Annuity Suitability Model Regulation course, Announces Product Specific Training Requirement

07/01/2012 – Newport Beach, CA – South Dakota has adopted the NAIC Suitability in Annuity Transactions 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.

Success Continuing Education is pleased to announce that the state of South Dakota has approved their NAIC Annuity Suitability course. This course satisfies the annuity training requirement. Mississippi producers who complete this course will also receive 4 hours of insurance continuing education credit. This course can be accessed at www.SuccessCE.com.

South Dakota producers who hold a life insurance line of authority on 7/1/2012 and desire to sell annuities must complete a one-time 4 hour Annuity Suitability course by 01/01/2013. Individuals who obtain a life insurance line of authority on or after 7/1/2012 may not engage in the sale of annuities until they have completed this training.

This requirement applies to both resident and non-resident producers. South Dakota will however accept the completion of annuity training in a state with substantially similar annuity training requirements.

“Success Continuing Education is really the one-stop shop for all general Continuing Education, state-specific courses, and annuity suitability needs,” states Joseph McCall, Certification Specialist for Success CE.

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.

“Recent updates and enhancements to our Product Specific Training platform now make it possible to automatically put the correct Annuity Suitability and Product Specific Training courses into each producers’ account. Our system also allows for easy tracking, which is invaluable in ensuring each individual is compliant,” states Justin Genuino of Success CE’s IT Team.

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:
Success CE provides the best Insurance Continuing Education solutions at the most affordable prices.

Success CE is approved nationwide as a provider of Insurance Continuing Education 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.

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  For Immediate Release