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New Requirements for Arkansas Producers
Effective July 15, 2009 Arkansas requires that insurance producers maintain signed copies of annuity disclosures for five years. The retained copies must have both client and producer signatures and dates. Further, agents or agencies shall adopt a system of supervision with regards to suitability and at least four hours of annual training addressing suitability requirements and the mechanics of annuity products will be required. Please adjust your processes accordingly.
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