Idaho Adopts Revised NAIC Model Regulation – Updated Training Requirements
Idaho Adopts Revised NAIC
The National Association of Insurance Commissioners (NAIC) revised the Suitability in Annuity Transactions Model Regulation 275 in February 2020. Idaho now joins a growing number of states which have adopted the Regulation.
Revisions to the Model Regulation include:
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How to Comply with the Revised Model Regulation in Idaho To solicit and sell annuities in Idaho, producers must comply with regulations adopted by the Idaho Department of Insurance. Producers doing business in Idaho are now required to complete General Annuity Training CE.
The revisions to the Model Regulation require completion of EITHER a 1-hour General Annuity Training CE course available to producers who have taken the previous NAIC Annuity Suitability training, OR a new 4-hour General Annuity Training CE for those who have not taken it previously. General Annuity Training CE must be completed with a training vendor approved by the Idaho Insurance Department.
General Annuity Continuing Education (CE)
Carrier Product Training – No additional or new requirement To complete EquiTrust Annuity Product Training visit Agents.EquiTrust.com, then click Agent Training in the upper right hand corner. Or, click here. You may view your personal training history upon login to the Agent Gateway website.
Avoid Potential Business Delays Applications received without completion of EquiTrust carrier-specific product training and state-required General Annuity Training CE will not be accepted.
Idaho Training Completion Deadlines
Idaho Original General Annuity Training Newly State Licensed 4/4/13 Currently State Licensed 10/4/13 2020 Update General Annuity Training Newly State Licensed 7/1/21 Currently State Licensed 1/1/22 Training Requirements By State See the most current status for each state’s adoption status deadlines for completing CE training for both newly licensed and currently licensed agents visit Agents.EquiTrust.com, then click Agent Training in the upper right hand corner. Or, Click Here. You will be notified as additional states adopt the new training requirements.
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