NAIC Annuity Suitability Disclosure Model Regulation

The NAIC has instituted a Model Suitability Rule for all advisors selling or soliciting annuity products. There are two basic components to the new Model Suitability Rule: 

• All advisors must obtain a four-hour continuing education course from an approved vendor. This is a one-time requirement that applies to both resident and non-resident producers. 

• All advisors must complete product – specific training for each carrier they write business with. It is each carrier’s responsibility to provide this training.

Upon completion, please submit all certificates to BUA.