Description
As annuities have become more complex, regulation of annuities has grown. Each state
insurance department is responsible for overseeing annuity sales in their state. In addition,
there is Federal oversight as well, especially with variable annuities which are considering
securities.
This course reviews the history of those regulations, the current FINRA regulations, and the
NAIC Best Interest standard that was approved in 2020. This course emphasizes your
obligations under those rules and how you may fulfill those obligations.
Learning Objectives
Understand the basics of annuities.
Explain the duties of insurance producers under the NAIC Suitability in Annuity Transactions
Model Regulation.
Describe the duties of insurance companies under the NAIC Model Regulation.
Explain the annuity disclosure and replacement requirements.
Comply with the FINRA variable annuity requirements.