Annuity Best Interest Training Hours: 4
Frequency: One-time training of a 4-Hour Annuity Suitability and Best Interest Standards course must be complete prior to selling annuity products.
Effective July 1st, 2024, licensees who sell annuity products will need to complete an annuity course covering the NAIC Best Interest Standards.
- Licensees who have already completed a 4-hour annuity course prior to 6/30/2024 may complete a 1-hour annuity best interest course or complete the new 4-hour annuity best interest course. Licensees will only have until 6/30/2025 to be able to take the 1-hour course.
- Licensees who have not completed an annuity course must take the 4-hour annuity best interests course prior to selling annuities.
Residents and non-residents who have completed training including the NAIC Best Interest Standards in another state with laws similar to Utah law will be deemed compliant with this requirement.
Annuity Training Information