Similar to the 2010 model regulation, states that adopt the new 2020 model regulation will require advisors new to selling annuities to complete a four hour continuing education (CE) credit annuity training. Experienced advisors, previously trained under the 2010 model suitability model regulation, must complete either a new four hour CE credit course or an additional one-time, one hour CE credit course.
Nassau continues to partner with Pinpoint Global, an outside vendor, to meet the training needs of our appointed producers. New state-required CE courses are expected to be available in late December 2020 and January 2021 through Nassau’s online NAIC Product Training Center, powered by LIMRA and accessible through Salesnet. Training may also be completed via an outside vendor such as LIMRA or RegEd, provided that vendor’s valid certification confirming course completion is submitted to Nassau. Copies of completed courses taken outside of our Pinpoint Global Site vendor can be submitted to our contracting team at BGAContracts@nsre.com.
Product-specific training requirements have not changed and product training courses will be updated to include information related to the new 2020 NAIC model suitability regulations.
To avoid interruption in processing new business with Nassau, producers in states which have adopted these new regulations must complete their CE credits no later than applicable state deadlines. For more information, including state-by-state training requirements, refer to the Annuity Training Requirements on Salesnet.