Quest CE

Regulations by State

Quest CE provides NAIC State Requirement information as a reference to our clients. Every attempt is made to ensurethis information is current and
correct, however, neither Quest CE nor its employees may affirm the accuracy of this information. Please verify all NAIC State Requirement information
with your state or governing board. *All information is subject to change without notice and is dependent soley on ongoing state processes.

 

AL  

Before selling, soliciting, or negotiating annuity products in Alabama, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Alabama’s training requirement. Insurers must provide product-specific training.


Effective January 1, 2022, Alabama will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before January 1, 2022 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before June 30, 2022. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities


AK  

Before selling, soliciting, or negotiating annuity products in Alaska, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Alaska's training requirement. Insurers must provide product-specific training.


AZ  

Before selling, soliciting, or negotiating annuity products in Arizona, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Arizona’s training requirement. Annuity training courses may be conducted and completed by classroom or self-study methods.


Effective January 1, 2021, Arizona will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before January 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before July 1, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


AR  

Effective July 8, 2021, Arkansas will require producers to act in the best interest of the consumer when recommending an annuity. Producers who are already selling annuities have until December 31, 2021, to complete the training. Producers who have already completed an annuity course before 1/1/2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course by December 31, 2021. Producers who obtain a life insurance license on or after the effective date, must complete the new one-time 4-hour course before selling annuities.


CA  

All resident and non-resident agents selling annuities must complete the California 8-Hour Annuity Training course. Thereafter, any resident or non-resident life producer who solicits individual consumers in order to sell annuities must complete a 4-hour specifically designated annuity training course every two years prior to license renewal. This requirement is part of, and not in addition to, the general continuing education requirements in California. Non-residents otherwise exempt from continuing education requirements are not exempt from annuities training as required per license term.


CO  

Before selling, soliciting, or negotiating annuity products in Colorado, producers must complete a one-time, 4-hour annuity training course. Resident and non-resident producers may complete equivalent annuity training in any state.


DC  

Before selling, soliciting, or negotiating annuity products in Washington D.C., producers must complete a one-time, 4-hour annuity training course. Resident and non-resident producers may complete equivalent annuity training in any state.


CT  

Before selling, soliciting, or negotiating annuity products in Connecticut, producers must complete a one-time, 4-hour annuity training course. Insurers must provide product-specific training. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Connecticut's training requirement.


DE  

Effective August 1, 2021, Delaware will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before 8/1/2021 must complete either a new one-time 4-hour course or an additional one-time 1 hour course within 6 months after 8/1/2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities..


FL  

Florida's state senior suitability training requirement is now covered under the 5-hour "Law and Ethics Update" course. Insurers are responsible for providing product-specific training.


GA  

Before selling, soliciting, or negotiating annuity products in Georgia, producers must complete a one-time, 4-hour annuity training course. Individuals who obtain a life insurance line of authority may not engage in the sale of annuities until the training has been completed.


HI  

Before selling, soliciting, or negotiating annuity products in Hawaii, producers holding life/accident/health or a sickness line of authority must complete a one-time, 4-hour annuity training course


ID  

Effective 7/1/2021, Idaho requires producers to act in the best interest of the consumer when recommending an annuity. A producer who has completed an annuity training course approved by the department prior to July 1, 2021, must complete within six months either a new one-time 4-hour course or an additional one-time 1-hour course. Producers who obtain a life insurance license on or after the July 1, 2021 must complete the new one-time 4-hour course before selling annuities.


IL  

Before selling, soliciting, or negotiating annuity products in Illinois, producers must complete a one-time, 4-hour annuity training course. Resident and non-resident producers may complete equivalent annuity training in any state. Insurers must provide product-specific training.


IN  

Before selling, soliciting, or negotiating annuity products in Indiana, producers must complete a one-time, 4-hour annuity training course. Resident and non-resident producers may complete equivalent annuity training in any state. Insurers must provide product-specific training.


IA  

Effective January 1, 2021, Iowa will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before January 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before July 1, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


KS  

Before selling, soliciting, or negotiating annuity products in Kansas, producers must complete a one-time, 4-hour annuity training course.  Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Kansas' training requirement. Insurers must provide product-specific training.


KY  

Before selling, soliciting, or negotiating annuity products in Kentucky, producers must complete a one-time, 4-hour annuity training course. Producers may complete equivalent annuity training in any state.


LA  

Before selling, soliciting, or negotiating annuity products in Louisiana, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Louisiana's training requirement. 


ME  

Before selling, soliciting or negotiating annuity products in Maine, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Maine's training requirement.


Effective January 1, 2022, Maine will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before January 1, 2022 must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six months. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


MD  

Before selling, soliciting, or negotiating annuity products in Maryland, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Maryland's training requirement. Insurers must provide product-specific training.


MA  

Before selling, soliciting, or negotiating annuity products in Massachusetts, producers must complete a one-time, 4-hour annuity training course. Residents who satisfy the training requirements of another state that are similar to the Massachusetts law, will be deemed compliant for the Massachusetts requirement.


MI

Effective June 29, 2021, Michigan will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before June 29, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before December 29, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


MN  

Before selling, soliciting, or negotiating annuity products in Minnesota, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Minnesota's training requirement. Insurers must provide product-specific training.


MS  

Before selling, soliciting, or negotiating annuity products in Mississippi, producers must complete a one-time, 4-hour annuity training course. Nonresidents who satisfy the training requirements of another state that are similar to Mississippi's law will be deemed compliant for Mississippi's requirement.


MO  

Before selling, soliciting, or negotiating annuity products in Missouri, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Missouri’s training requirement.


MT  

Before selling, soliciting, or negotiating annuity products in Montana, producers must complete a one-time, 4-hour annuity training course. This rule is separate from the Montana Insurance Continuing Education requirement. Insurers are responsible for tracking and determining if a course meets the training requirement for the licensees selling its annuities in the Montana market.


Effective October 1, 2021, Montana will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before October 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before April 1, 2022. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


NE  

Effective July 1, 2021, Nebraska will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before July 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before December 31, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities. 


NV  

Currently this state has not adopted an annuity training requirement.


NH  

Before selling, soliciting, or negotiating annuity products in New Hampshire, producers must complete a one-time, 4-hour annuity training course. Nonresidents who satisfy the training requirements of another state that are similar to the New Hampshire law, will be deemed compliant for the New Hampshire requirement.


NJ

Before selling, soliciting, or negotiating annuity products in New Jersey, producers must complete a one-time, 4-hour annuity training course


NM  

Currently this state has not adopted an annuity training requirement.


NY  

New York Emergency Regulation 187 requires that insurers must ensure that their producers are properly trained to sell annuities. No specific hourly requirements have been instituted.


NC  

Currently this state has not adopted an annuity training requirement.


ND  

Effective January 1, 2022, North Dakota will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before January 1, 2022 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before June 1, 2022. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


OH  

Effective February 14, 2021, Ohio will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before February 14, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before August 14, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


OK  

Before selling, soliciting, or negotiating annuity products in Oklahoma, producers must complete a 4-hour annuity training course. This training will be applied toward the hours needed for continuing education. Resident and non-resident producers may complete equivalent training in any state.


OR  

Before selling, soliciting, or negotiating annuity products in Oklahoma, producers must complete a 4-hour annuity training course. This training will be applied toward the hours needed for continuing education. Resident and non-resident producers may complete equivalent training in any state.


PA  

Effective 12/26/2018, producers must complete a one-time, approved, 4-hour training course on annuity products. Existing licensees will have until the end of their first complete license period to complete 4 hours of approved annuity suitability training. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Pennsylvania's training requirement. An insurer must verify that an insurance producer has completed the annuity training course required.


RI  

Effective April 1, 2021, Rhode Island will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before April 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before October 1, 2021. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


SC  

Before selling, soliciting, or negotiating annuity products in South Carolina, producers must complete a one-time, 4-hour annuity training course. Insurers must provide product-specific training. Reciprocity must be determined by insurer.


SD  

Before selling, soliciting, or negotiating annuity products in South Dakota, producers must complete at least 4-hours of annuity training. The training may be used to satisfy continuing education requirements. Residents who satisfy the training requirements of another state that are similar to the South Dakota law will be deemed compliant for the South Dakota requirement.


TN  

Before selling, soliciting, or negotiating annuity products in Tennessee, producers must complete a one-time, 4-hour annuity training course. *Nonresidents who satisfy the training requirements of another state that are similar to the Tennessee law, will be deemed compliant for the Tennessee requirement.


TX  

Before selling, soliciting, or negotiating annuity products in Texas, producers must complete a one-time, 4-hour annuity training course. The training may be used to satisfy continuing education requirements. Licensees who are exempt from Continuing Education are not exempt from the initial training requirement. Following the initial annuity training requirement, all producers who continue to sell annuity products must complete 8 hours of department-certified annuity continuing education every license period thereafter. The ongoing training requirement is not required for licensees that are exempt from continuing education.


UT  

A producer may not solicit annuity products unless the producer has adequate knowledge of the product and is in compliance with the insurer's product training standards. No specific hourly requirements have been instituted.


VT  

Currently this state has not adopted an annuity training requirement.


VA  

Before selling, soliciting, or negotiating annuity products in Virginia, producers must complete a one-time, 4-hour annuity training course. Residents must take a Virginia approved course.


Effective September 1, 2021, Virginia will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before September 1, 2021 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before March 1, 2022. Producers who obtain a life insurance license on or after the effective date must complete the new one-time 4-hour course before selling annuities.


WA  

Before selling, soliciting, or negotiating annuity products in Washington, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with Washington's training requirement. Insurers must provide product-specific training. 


WV  

Before selling, soliciting, or negotiating annuity products in West Virginia, producers must complete a one-time, 4-hour annuity training course. Compliance with another state's training requirements that are substantially similar to this requirement will be deemed in compliance with West Virginia's training requirement. Insurers must provide product-specific training.


WI  

Before selling, soliciting, or negotiating annuity products in Wisconsin, producers must complete a one-time, 4-hour annuity training course. Non-resident producers may complete substantially similar training requirements of another state in order to meet the requirement.


WY  

Before selling, soliciting, or negotiating annuity products in Wyoming, producers must complete a one-time, 4-hour annuity training course. Residents who satisfy the training requirements of another state that are similar to Wyoming's law, will be deemed compliant for Wyoming's requirement.

 

If you have any questions about your NAIC Annuity Training please contact Quest CE through our live chat service or e-mail us at support@questce.com.