Publication Date
2022-06-13
effective date
2022-12-31
jurisdiction
Minnesota Updates Annuity Training Requirements
Producers with a Life line of authority on 12/31/22 and wish to sell annuities will be required to complete a training course no later than 7/1/23. This training must be a 4 hour course, or a 1-time, 1-credit course. If the license is obtained on or after 1/1/23 is not eligible to sell until the course work is complete. The course title is "Best Interest Standards of Conduct for Annuity Sales".
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