Publication Date
2022-01-27
effective date
2022-01-27
jurisdiction
Mississippi Now Requiring Annuity Training for Both Residents and Non-Residents
Mississippi has updated its CE requirements for residents and non residents. Annuity training is required for both.
Producers that hold a life line of authority and sell annuities must complete a one time 4-hour annuity training. The following are updates to the original announcement. **Due Date Updates: ** - 7/1/22 if licensed before 1/1/22 - Prior to selling annuities if licensed after 1/1/22. Note that if an annuity training was completed prior to this date, must complete the four hour course, OR a 1-time, 1-credit training course approved by the department. **Content Updates** The training must cover how product specific annuity contract features affect customers and the appropriate standard of conduct. **Satisfaction of Requirement Confirmation** - Provide training course completion certificate - Reports from commissioner-sponsored database that can provide information from approved insurance education providers
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Education and Training