Regulations by State

Effective January 15, 2023, Alaska 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 15, 2023, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before July 15, 2023. 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.

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.

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.

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.

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.

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.

Effective November 1, 2022, Colorado 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 November 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.

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.

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.

Effective March 1, 2022, Connecticut 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 March 1, 2022 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before August 31, 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.

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..

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.

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.

Effective January 1, 2023, Hawaii requires 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, 2023, 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.

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.

Effective August 1, 2023, Illinois 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 August 1, 2023, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before February 1, 2024. 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.

Before selling, soliciting, or negotiating annuity products in Indiana, 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 Indiana’s training requirement. Insurers must provide product-specific training.

Effective July 1, 2024 Indiana will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed training under the provisions of this rule by July 1, 2024, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. Producers who obtain a life insurance license on or after July 1, 2024 must complete the new one-time 4-hour course before selling annuities.

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.

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.

Effective January 1, 2024 Kansas 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 the proposed effective date, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. 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.

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.

Effective January 1, 2022, Kentucky 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.

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. 

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.

Effective October 8, 2022, Maryland requires 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 8, 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.

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.

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.

Effective January 1, 2023, Minnesota 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, 2023, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before July 1, 2023. 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.

Effective January 1, 2022, Mississippi will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the annuity training requirement prior to January 1, 2022 must complete either a new one-time 4-hour course or an additional one-time 1-hour course before July 1, 2022.

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.

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.

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. 

Before selling, soliciting, or negotiating annuity products in Nevada, 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 Nevada’s training requirement. Insurers must provide product-specific training.

Annuity Best Interest regulation updates being considered- If adopted, Nevada 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 the proposed effective date, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. 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.

Before selling, soliciting, or negotiating annuity products in New Hampshire, 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 New Hampshire’s training requirement. Insurers must provide product-specific training.

Effective February 16, 2024 New Hampshire 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 the effective date, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. Producers who obtain a life insurance license on or after February 16, 2024 must complete the new one-time 4-hour course before selling annuities.

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

Effective October 1, 2022, New Mexico 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, 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.

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.

Effective January 1, 2023, North Carolina will require producers to act in the best interest of the consumer when recommending an annuity. Producers will need to complete the new one-time 4-hour course within six months of the effective date to comply.

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.

Before selling, soliciting, or negotiating annuity products in Utah, 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 Utah’s training requirement. Insurers must provide product-specific training.

Effective January 1, 2024 Utah will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed training under the provisions of this rule by July 1, 2024, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within twelve (12) months of the effective date. Producers who obtain a life insurance license on or after July 1, 2024 must complete the new one-time 4-hour course before selling annuities.

Before selling, soliciting, or negotiating annuity products in Oklahoma, producers must complete a one-time, 4-hour annuity training course. Residents who satisfy the training requirements of another state that are similar to Oklahoma's law, will be deemed compliant for Oklahoma's requirement. Effective September 1, 2023, Oklahoma 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, 2023, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before February 1, 2024. 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.

Before selling, soliciting, or negotiating annuity products in Oregon, 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 Oregon’s training requirement. Insurers must provide product-specific training.

Effective January 1, 2024 Oregon 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 the proposed effective date, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. 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.

Before selling, soliciting, or negotiating annuity products in Pennsylvania, producers must complete a one-time, 4-hour annuity training course. Effective June 20, 2022, Pennsylvania 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 20, 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.

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.

Effective November 27, 2022, South Carolina requires producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed the original training requirement before November 27, 2022, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before May 27, 2023. 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.

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.

Effective January 1, 2023, South 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, 2023, 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.

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.

Effective September 1, 2021, Texas 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 January 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. Annuity CE requirements have not changed. Agents are required to complete eight hours of annuity-specific CE each term after certification.

Before selling, soliciting, or negotiating annuity products in Utah, 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 Utah’s training requirement. Insurers must provide product-specific training.

Effective January 1, 2024 Utah will require producers to act in the best interest of the consumer when recommending an annuity. Producers who have already completed training under the provisions of this rule by July 1, 2024, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within twelve (12) months of the effective date. Producers who obtain a life insurance license on or after July 1, 2024 must complete the new one-time 4-hour course before selling annuities.

Before selling, soliciting, or negotiating annuity products in New Vermont, 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 Vermont’s training requirement. Insurers must provide product-specific training.

Effective July 5, 2024 Vermont 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 the effective date, must complete either a new one-time 4-hour course or an additional one-time 1-hour course within six (6) months of the effective date. Producers who obtain a life insurance license on or after July 5, 2024 must complete the new one-time 4-hour course before selling annuities.

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.

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. 

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.

Effective October 1, 2022, Wisconsin will require intermediaries to act in the best interest of the consumer when recommending an annuity. Intermediaries who have already completed the original training requirement before October 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.

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.

Effective July 5, 2023, Wyoming 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 5, 2023, must complete either a new one-time 4-hour course or an additional one-time 1-hour course before January 5, 2024. 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.