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NAIC Suitability by State
2010 Model: An insurance producer who engages in the sale of annuity products shall complete a one-time four (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 six (6) months after the effective date. | New 2020 Best Interest Standard: 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, or a 1-hour supplementary training course specific to the Best Interest Standard. Most states allow existing producers a 6-month grace period for completion; however, the grace period may vary by state. New producers must complete the 4-credit training course. | |||
2010 Suitability in Annuity Transactions Model Training Requirement Dates | 2020 Suitability in Annuity Transactions Model Training Requirement Dates | |||
| Newly State Licensed | Currently State Licensed | Newly State Licensed | Currently State Licensed | |
|---|---|---|---|---|
| Effective Date | End of Grace Period | Effective Date | End of Grace Period | |
| Alabama | 1/1/17 | 7/1/17 | 1/1/22 | 7/1/22 |
| Alaska | 10/16/11 | 4/16/12 | ||
| Arizona | 1/1/18 | 1/1/18 | 12/31/20 | 6/30/21 |
| Arkansas | No Requirement | No Requirement | 6/29/21 | 1/1/22 |
| California | 1/1/12 | 1/1/12 | ||
| Colorado | 4/1/11 | 10/1/11 | ||
| Connecticut | 2/18/12 | 8/18/12 | 3/1/22 | 9/1/22 |
| Delaware | 6/1/17 | 12/1/17 | 8/1/21 | 2/1/22 |
| District of Columbia | 6/24/11 | 6/24/11 | ||
| Florida | 10/1/13 | 10/1/13 | ||
| Georgia | 3/1/16 | 9/1/16 | ||
| Hawaii | 1/31/12 | 1/31/12 | ||
| Idaho | 4/4/13 | 10/4/13 | 1/1/21 | 7/1/21 |
| Illinois | 7/1/12 | 7/1/12 | ||
| Indiana | 1/1/12 | 7/1/12 | ||
| Iowa | 5/1/11 | 5/1/11 | 1/1/21 | 7/1/21 |
| Kansas | 6/1/13 | 12/1/13 | ||
| Kentucky | 1/1/12 | 7/1/12 | ||
| Louisiana | 8/15/12 | 1/1/13 | ||
| Maine | 11/1/15 | 5/1/16 | 1/1/22 | 7/1/22 |
| Maryland | 11/1/11 | 5/1/12 | ||
| Massachusetts | 7/1/16 | 12/31/16 | ||
| Michigan | 6/1/13 | 12/1/13 | 6/29/21 | 12/29/21 |
| Minnesota | 1/1/14 | 7/1/14 | ||
| Mississippi | 9/1/13 | 9/1/14 | ||
| Missouri | 3/30/17 | 9/30/17 | ||
| Montana | No Requirement | No Requirement | 10/1/21 | 4/1/22 |
| Nebraska | 7/19/12 | 1/19/13 | ||
| Nevada | No Requirement | No Requirement | ||
| New Hampshire | 1/1/15 | 6/30/15 | ||
| New Jersey | 8/4/13 | 8/4/13 | ||
| New Mexico | No Requirement | No Requirement | ||
| North Carolina | No Requirement | No Requirement | ||
| North Dakota | 8/1/11 | 8/1/12 | 1/1/22 | 7/1/22 |
| Ohio | 7/1/11 | 1/1/12 | 2/14/21 | 8/14/21 |
| Oklahoma | 7/14/10 | 7/14/11 | ||
| Oregon | 8/1/11 | 8/1/12 | ||
| Pennsylvania | 12/25/18 | 12/25/18 | ||
| Rhode Island | 6/1/11 | 12/1/11 | 4/1/21 | 10/1/21 |
| South Carolina | 9/25/11 | 3/25/12 | ||
| South Dakota | 7/1/12 | 1/1/13 | ||
| Tennessee | 11/1/15 | 5/1/16 | ||
| Texas | 9/1/11 | 3/1/12 | 9/1/21 | 1/1/22 |
| Utah | No Requirement | No Requirement | ||
| Vermont | No Requirement | No Requirement | ||
| Virginia | 1/18/18 | 1/18/18 | 9/1/21 | 3/1/22 |
| Washington | 3/29/12 | 9/29/12 | ||
| West Virginia | 7/1/11 | 12/31/11 | ||
| Wisconsin | 5/1/11 | 11/1/11 | ||
| Wyoming | 9/26/14 | 3/26/15 | ||