Americo Compliance | Missouri Annuity Suitability Training Guidance
The Missouri Department of Commerce and Insurance issued a bulletin that provides further guidance on the training requirements for producers selling annuity products. It highlights specific provisions to clarify key aspects of the new producer training regulations.
Training Requirements:
Producers selling, soliciting, or negotiating annuities in Missouri must comply with the new annuity training requirements adopted by the state.
Reciprocity for Training:
Producers who have completed annuity suitability training in another state with similar requirements are not required to undergo additional training in Missouri. This provision ensures compliance across state lines without duplicating efforts.
Please consult Missouri Insurance Bulletin 24-07 for more information and confirm your training status to remain compliant when engaging in annuity transactions.
