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3 Big Social Security Changes in 2018

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401(k) Contribution Limit will Increase in 2018

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NAIC Suitability Model Requirements

 

The NAIC Suitability in Annuity Transactions Model Regulation (the "Model") requires all Insurance Producers selling or soliciting annuity products to obtain an additional four (4) general continuing education (CE) credits from an APPROVED vendor offering an Annuity Products Course. In addition, the Model requires that all Insurance Producers complete product specific training before soliciting an annuity application.

 

In response to NAIC Suitability Model Requirements requirements, Security Benefit is working with RegEd to deliver online product specific training.

 

For Fixed Indexed Annuities, RegEd must be completed regardless of state.


See the chart below for states, their effective date and state specific requirements.

 

Model Details:

  • Any producer selling one of our annuities is required to complete a general 4 hour CE course if they sell or solicit annuities in a state that has adopted the Model.
  • They must also complete carrier-specific, product specific training (i.e., training that relates to the specific product of the carrier) before soliciting an annuity application for a product.

If your state has adopted the Model Regulation, or otherwise requires general annuities training, and you have taken the required training from a company other than RegEd, please send a copy of your certificate from the training provider to Security Benefit, P.O. Box 750487, Topeka, KS 66675-0497.

 

State

Effective Date

State Specific Notes

Alabama

January 1, 2017

Already licensed in Alabama and appointed with Security Benefit Life, you have until June 30, 2017 to complete the general 4 hour CE course.

Alaska

October 16, 2011

All Producers must complete the required training before soliciting an annuity application.

Arizona

January 1, 2018

Already licensed in Arizona and appointed with Security Benefit Life, you have until January 1, 2018 to complete the general 4 hour CE course.

California

January 1, 2012

An 8 hour initial CE training course is required. A 4 hour CE training course is required every 2 years thereafter.

Colorado

April 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Connecticut

February 18, 2012

All Producers must complete the required training before soliciting an annuity application.

Delaware

May 30, 2017

Already licensed in Delaware and appointed with Security Benefit Life, you have until November 29, 2017 to complete the general 4 hour CE course.

District of
Columbia (DC)

June 24, 2011

All Producers must complete the required training before soliciting an annuity application.

Florida

October 1, 2013

A 3 hour initial CE training course is required. A 3 hour CE training course is required every 2 years thereafter.

Georgia

March 1, 2016

Already licensed in Georgia and appointed with Security Benefit Life, you have until September 1, 2016 to complete the general 4 hour CE course.

Hawaii

January 1, 2012

All Producers must complete the required training before soliciting an annuity application.

Idaho

April 4, 2013

Already licensed in Idaho and appointed with Security Benefit Life, you have until October 4, 2013 to complete the general 4 hour CE course.

Illinois

September 26, 2011

All Producers must complete the required training before soliciting an annuity application.

Indiana

January 1, 2012

All Producers must complete the required training before soliciting an annuity application.

Iowa

January 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Kansas

June 1, 2013

Already licensed in Kansas and appointed with Security Benefit Life, you have until December 1, 2013 to complete the general 4 hour CE course.

Kentucky

January 1, 2012

All Producers must complete the required training before soliciting an annuity application.

Louisiana

August 15, 2012

Already licensed in Louisiana and appointed with Security Benefit Life, you have until January 1, 2013 to complete the general 4 hour CE course.

Maine

November 1, 2015

Already licensed in Maine and appointed with Security Benefit Life, you have until May 1, 2016 to complete the general 4 hour CE course.

Maryland

November 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Massachusetts

July 1, 2016

Already licensed in Massachusetts and appointed with Security Benefit Life, you have until December 31, 2016 to complete the general 4 hour CE course.

Michigan

June 1, 2013

Already licensed in Michigan and appointed with Security Benefit Life, you have until December 1, 2013 to complete the general 4 hour CE course.

Minnesota

June 1, 2013

Already licensed in Minnesota and appointed with Security Benefit Life, you have until July 14,  2014 to complete the general 4 hour CE course. If you are licensed in Minnesota after 1/1/2014, there is no grace period to completed the general 4 hour CE course.

Missouri

March 30, 2017

Already licensed in Missouri and appointed with Security Benefit Life, you have until September 30, 2017 to complete the general 4 hour CE course.

Montana

January 1, 2018

Already licensed in Montana and appointed with Security Benefit Life, you have until January 1, 2018 to complete the general 4 hour CE course.

Nebraska

July 19, 2012

Already licensed in Nebraska and appointed with Security Benefit Life, you have until January 19, 2013 to complete the general 4 hour CE course.

New Hampshire

January 1, 2015

Already licensed in New Hampshire and appointed with Security Benefit Life, you have until July 1, 2015 to complete the general 4 hour CE course.

New Jersey

February 4, 2013

Already licensed in New Jersey and appointed with Security Benefit Life, you have until August 4, 2013 to complete the general 4 hour CE course.

New York

June 30, 2011

A 4 hour CE training course is not required. Producers must complete the 2 part product training only.

North Dakota

August 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Ohio

July 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Oklahoma

July 14, 2011

All Producers must complete the required training before soliciting an annuity application.

Oregon

July 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Rhode Island

June 1, 2011

All Producers must complete the required training before soliciting an annuity application.

South Carolina

September 25, 2011

All Producers must complete the required training before soliciting an annuity application.

South Dakota

July 1, 2012

Already licensed in South Dakota and appointed with Security Benefit Life, you have until January 1, 2013 to complete the general 4 hour CE course.

Tennessee

November 1, 2015

Already licensed in Tennessee and appointed with Security Benefit Life, you have until May 1, 2016 to complete the general 4 hour CE course.

Texas

September 1, 2011

A 4 hour initial CE training course is required. An 8 hour CE training course is required every 2 years thereafter for resident producers only.

Utah

March 26, 2012

A 4 hour CE training course is not required. Producers must complete the 2 part product training only.

Virginia

April 1, 2017

Already licensed in Virginia and appointed with Security Benefit Life, you have until January 1, 2018 to complete the general 4 hour CE course.

Washington

March 29, 2012

All Producers must complete the required training before soliciting an annuity application.

West Virginia

July 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Wisconsin

May 1, 2011

All Producers must complete the required training before soliciting an annuity application.

Wyoming

September 26, 2014

Already licensed in Wyoming and appointed with Security Benefit Life, you have until March 26, 2015 to complete the general 4 hour CE course.

 
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