SD Adopts NAIC Annuity Suitability Model Regulation course and Product Specific Training Requirement

NEWPORT BEACH, Calif. - Aug. 14, 2013 - PRLog -- 07/01/2012 – Newport Beach, CA – South Dakota has adopted the NAIC Suitability in Annuity Transactions Model Regulation 4 hour course, as well as the requirement that all producers complete a Product Specific Training course for the products they intend to sell.

Success Continuing Education is pleased to announce that the state of South Dakota has approved their NAIC Annuity Suitability course. This course satisfies the annuity training requirement. Mississippi producers who complete this course will also receive 4 hours of insurance continuing education credit. This course can be accessed at www.successce.com.

South Dakota producers who hold a life insurance line of authority on 7/1/2012 and desire to sell annuities must complete a one-time 4 hour Annuity Suitability course by 01/01/2013. Individuals who obtain a life insurance line of authority on or after 7/1/2012 may not engage in the sale of annuities until they have completed this training.

This requirement applies to both resident and non-resident producers. South Dakota will however accept the completion of annuity training in a state with substantially similar annuity training requirements.

“Success Continuing Education is really the one-stop shop for all general Continuing Education, state-specific courses, and annuity suitability needs,” states Joseph McCall, Certification Specialist for Success CE.

In addition to the 4-Hour Annuity Suitability requirement, producers must complete training that is specific to the product they intend to sell. Product Specific Training is provided by the carriers.

“Recent updates and enhancements to our Product Specific Training platform now make it possible to automatically put the correct Annuity Suitability and Product Specific Training courses into each producers’ account. Our system also allows for easy tracking, which is invaluable in ensuring each individual is compliant,” states Justin Genuino of Success CE’s IT Team.

Success CE offers a convenient and free resource that tracks all annuity training requirements nationwide, and is updated to reflect changes as soon as they are enacted. This can be accessed at http://www.successce.com/PSTAnnuityTrainingRequirement.aspx.

About the Success Family of CE Companies

The Success Family of CE Companies is a nationwide approved provider of "state of the art" Life and Health Insurance Continuing Education courses, CFP Continuing Education, Pre-Licensing Study Courses for Insurance and FINRA licenses, Property and Casualty Insurance Continuing Education, CPA Continuing Education, CIMA Continuing Education, CLU/ChFC (PACE) Continuing Education and Legal (MCLE) Continuing Education.

Property and Casualty Insurance Continuing Education, Claims Adjusters Continuing Education, Securities (Firm Element) Continuing Education, Insurance prelicensing, and Securities (FINRA) prelicensing are also available online.

The Success Family consists of these leading brands, Success CE, www.SuccessCE.com, Success Live CE (formerly ClienTell CE) www.SuccessLiveCE.com (http://www.clientellce.com/) Affordable CE www.affordableCE.com, First Choice CE www.FirstchoiceCE.com, and www.InsuranceContinuingEducation.com