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Jul 25, 2017
Compliance News
 
NAIC Training Required for Virginia Producers
 

As you may know, Virginia will adopt the 2010 NAIC Suitability in Annuity Transactions Model Regulation effective April 1, 2017. As part of the regulation, producers who hold a life insurance license in Virginia are required to:

  1. Complete our product-specific training prior to solicitation of the sale of an annuity product in Virginia immediately.
  2. Complete a four-hour state approved continuing education course by January 1, 2018. This is a one-time training requirement. You must show proof of completion of this course by uploading your certificate to our NAIC training website.
    • If you obtain a Virginia life insurance license on or after January 1, 2018, you must complete this course immediately.

If you do not complete required training, new business will be rejected and returned to you.

Review our NAIC Frequently Asked Questions here

Complete Required Training here.

Contact Sales Support at 800-438-3398, ext. 11999 with any questions. Thank you for your continued business with Great American.