Annuity Suitability & Best Interest

Question:  My home state has not adopted the New NAIC Model for Annuity Suitability and I am a nonresident producer that has adopted it.  Do I have to meet the new training requirement?

Answer:  Yes, you do.  If you completed the old 4 hour course on Annuity Suitability, you have 6 months from the effective date to complete a refresher 1-hour course or you can do the 4-hour new course.  After 6 months, you must take the new 4-hour Annuity Suitability & Best Interest course.