- How to Submit Applications In Good Order (PDF)
- Producer Suitability Guide (PDF)
- SBL Replacement Policy (PDF)
NAIC Suitability Regulation and Revised Model Regulation Requirements
Security Benefit follows the NAIC Suitability in Annuity Transactions Model Regulation, both the version adopted by the NAIC in 2010 (the "Model Regulation") and the version adopted by the NAIC in 2020 (the "Revised Model Regulation"). Use the chart below to determine what training you must complete before selling a Security Benefit annuity product.
The Model Regulation requires all insurance producers selling or soliciting annuity products to obtain an additional four (4) general continuing education (CE) credits from an APPROVED vendor offering an annuity products course.
The Revised Model Regulation, which implements a best interest standard of conduct, requires an additional 1-hour course for producers who have already taken the original 4-hour course. New producers must take the new 4-hour general annuities course as shown below.
In addition, the Model Regulation and Revised Model Regulation require that all insurance producers complete product-specific training before soliciting an annuity application.
In response to NAIC Suitability Model Regulation and Revised Model Regulation Requirements, Security Benefit works with RegEd to deliver online product-specific training.
For Fixed Index Annuities, RegEd must be completed regardless of state.
See the chart below for states, the effective date of the Model Regulation or Revised Model Regulation, and state specific requirements.
Model Regulation and Revised Model Regulation Details:
Any producer selling one of our annuities is required to complete a general four-hour CE course if they sell or solicit annuities in a state that has adopted the model. If a state has adopted the Revised Model Regulation, the producer must either complete a 1-hour supplemental course (available for a limited time) or complete the new 4-hour course that incorporates the best interest aspects of the Revised Model Regulation. New producers must take the new 4-hour course.
They must also complete carrier-specific, product-specific training (i.e., training that relates to the specific product of the carrier) before soliciting an annuity application for a product.
If your state has adopted the Model Regulation, or the Revised Model Regulation, or otherwise requires general annuities training and you have taken the required training from a company other than RegEd, please send a copy of your certificate from the training provider to:
Security Benefit
P.O. Box 750487
Topeka, KS 66675-0497
|
State |
Effective Date / State Specific Notes |
|
Alabama |
January 1, 2017 All Producers must complete the required training before soliciting an annuity application. January 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Alaska |
October 16, 2011 All Producers must complete the required training before soliciting an annuity application. November 23, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a grace period (until July 15, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
Arizona |
January 1, 2018 All Producers must complete the required training before soliciting an annuity application. December 31, 2020 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 6/30/2021) for existing producers to complete the new 1-hour supplemental training. |
|
Arkansas |
July 8, 2021 All Producers must complete the required training before soliciting an annuity application. There is a grace period (until 1/1/2022) for producers to complete the new course. |
|
California |
January 1, 2012 An 8-hour initial CE training course is required. A 4-hour CE training course is required every 2 years thereafter. |
|
Colorado |
April 1, 2011 All Producers must complete the required training before soliciting an annuity application. November 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until May 23, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
Connecticut |
February 18, 2012 All Producers must complete the required training before soliciting an annuity application. March 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 9/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Delaware |
June 1, 2017 All Producers must complete the required training before soliciting an annuity application. August 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application There is a 6-month grace period (until 2/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
District of |
June 24, 2011 All Producers must complete the required training before soliciting an annuity application. |
|
Florida |
October 1, 2013 A 3-hour initial CE training course is required. A 3-hour CE training course is required every 2 years thereafter. |
|
Georgia |
March 1, 2016 All Producers must complete the required training before soliciting an annuity application. August 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until February 1, 2024) for existing producers to complete the new 1-hour supplemental training. |
|
Hawaii |
January 1, 2012 All Producers must complete the required training before soliciting an annuity application. January 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until July 1, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
Idaho |
April 4, 2013 All Producers must complete the required training before soliciting an annuity application. July 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a grace period (until 2/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Illinois |
September 26, 2011 All Producers must complete the required training before soliciting an annuity application. August 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until February 1, 2024) for existing producers to complete the new 1-hour supplemental training. |
|
Indiana |
January 1, 2012 All Producers must complete the required training before soliciting an annuity application. |
|
Iowa |
January 1, 2011 All Producers must complete the required training before soliciting an annuity application. January 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/1/2021) for existing producers to complete the new 1-hour supplemental training. |
|
Kansas |
June 1, 2013 All Producers must complete the required training before soliciting an annuity application. |
|
Kentucky |
January 1, 2012 All Producers must complete the required training before soliciting an annuity application. January 4, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/4/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Louisiana |
August 1, 2012 All Producers must complete the required training before soliciting an annuity application. |
|
Maine |
January 1, 2017 All Producers must complete the required training before soliciting an annuity application. January 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Maryland |
November 1, 2011 All Producers must complete the required training before soliciting an annuity application. October 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 4/8/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Massachusetts |
July 1, 2016 All Producers must complete the required training before soliciting an annuity application. June 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. Producers who have already completed the original training must complete the 1-hour or the new 4-hour course by 6/1/23. |
|
Michigan |
June 1, 2013 All Producers must complete the required training before soliciting an annuity application. June 29, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 12/29/2021) for existing producers to complete the new 1-hour supplemental training. |
|
Minnesota |
June 1, 2013 All Producers must complete the required training before soliciting an annuity application. January 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until July 1, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
Mississippi |
September 1, 2013 All Producers must complete the required training before soliciting an annuity application. January 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Missouri |
March 30, 2017 All Producers must complete the required training before soliciting an annuity application. |
|
Montana |
January 1, 2018 All Producers must complete the required training before soliciting an annuity application. October 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 4/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Nebraska |
July 19, 2012 All Producers must complete the required training before soliciting an annuity application. July 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 12/31/2021) for existing producers to complete the new 1-hour supplemental training. |
|
New Hampshire |
January 1, 2015 All Producers must complete the required training before soliciting an annuity application. |
|
New Jersey |
February 4, 2013 All Producers must complete the required training before soliciting an annuity application. |
|
New Mexico |
October 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 4/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
New York |
June 30, 2011 A 4-hour CE training course is not required. Producers must complete the 2-part product training only. |
|
North Carolina |
January 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until July 1, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
North Dakota |
January 1, 2017 All Producers must complete the required training before soliciting an annuity application. January 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 7/1/2022) for existing producers to complete the new 1-hour supplemental training. |
|
Ohio |
July 1, 2011 All Producers must complete the required training before soliciting an annuity application. February 14, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until August 13, 2021) for existing producers to complete the new 1-hour supplemental training. |
|
Oklahoma |
July 14, 2010 All Producers must complete the required training before soliciting an annuity application. September 1, 2023 Existing Producers who have completed an annuity training course before November 1, 2023, and who have sold annuities prior to September 1, 2023, will have until April 30, 2024, to complete either (1) a new 4-hour course that incorporates best interest amendments to the regulation, or (2) an additional 1-hour course on the best interest amendments. Producers who are insurance licensed as of September 1, 2023, but have not sold annuities prior to September 1, 2023, must complete the new 4-hour annuity suitability course prior to February 29, 2024. Producers who obtain an insurance license on or after September 1, 2023, must take the new 4-hour annuity suitability course. |
|
Oregon |
July 1, 2011 All Producers must complete the required training before soliciting an annuity application. |
|
Pennsylvania |
December 26, 2018 All Producers must complete the required training before soliciting an annuity application. June 20, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until December 20, 2022) for existing producers to complete the new 1-hour supplemental training. |
|
Rhode Island |
July 1, 2011 All Producers must complete the required training before soliciting an annuity application. April 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until September 30, 2021) for existing producers to complete the new 1-hour supplemental training. |
|
South Carolina |
September 25, 2011 All Producers must complete the required training before soliciting an annuity application. November 27, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until May 27, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
South Dakota |
July 1, 2012 All Producers must complete the required training before soliciting an annuity application. January 1, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until July 1, 2023) for existing producers to complete the new 1-hour supplemental training. |
|
Tennessee |
November 1, 2015 All Producers must complete the required training before soliciting an annuity application. January 1, 2024 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until June 1, 2024) for existing producers to complete the new 1-hour supplemental training. |
|
Texas |
September 1, 2011 A 4-hour initial CE training course is required. An 8-hour CE training course is required every 2 years thereafter for resident producers only. September 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. Training must be completed prior to 1/1/2022. |
|
Utah |
March 26, 2012 A 4-hour CE training course is not required. Producers must complete the 2-part product training only. |
|
Virginia |
April 1, 2017 All Producers must complete the required training before soliciting an annuity application. September 1, 2021 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until March 1, 2022) for existing producers to complete the new 1-hour supplemental training. |
|
Washington |
March 29, 2012 All Producers must complete the required training before soliciting an annuity application. |
|
West Virginia |
July 1, 2011 All Producers must complete the required training before soliciting an annuity application. June 8, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 12/8/2023) for existing producers to complete the new 1-hour supplemental training. |
|
Wisconsin |
May 1, 2011 All Producers must complete the required training before soliciting an annuity application. October 1, 2022 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until 4/1/2023) for existing producers to complete the new 1-hour supplemental training. |
|
Wyoming |
September 26, 2014 All Producers must complete the required training before soliciting an annuity application. July 5, 2023 All Producers must complete the required Revised Model Regulation training before soliciting an annuity application. There is a 6-month grace period (until January 5, 2024) for existing producers to complete the new 1-hour supplemental training. |
Check your state training requirements.
Security Benefit product training requirements consists of two parts. The Security Benefit Fundamentals of Deferred Annuities course must be completed. In addition, each specific Security Benefit product will have its own short course that will also need to be completed prior to solicitation.
We offer training through RegEd, an online annuities training platform. Please reference the RegEd Product Training User Guide (PDF) for complete instructions. Security Benefit will not accept applications if you have not completed the training. To comply with the Harkin Amendment of the Dodd-Frank Act that provides a safe harbor to FIA products from being registered as securities, the Security Benefit Fundamentals of Deferred Annuities and product specific courses are required to be taken by all producers in all states for FIA products. All sales of fixed index annuities will require producers to take the general annuity and applicable product specific course, regardless of whether the state(s) in which they are licensed has adopted the Model.
If your state has adopted the Model Regulation, or otherwise requires general annuities training, and you have taken the required training from a company other than RegEd, please send a copy of your certificate from the training provider to Security Benefit, P.O. Box 750487, Topeka, KS 66675-0497.
Non-Resident Sales Guide & VoIP (Skype) Policy
In an effort to assist you with Non-Resident Annuity Sales, we have created a Non-Resident Sales Guide & Video Conferencing Policy to serve as a guide and reference in the instance that you are engaged in a Non-Resident sale. This guide will help in your efforts to comply with applicable laws.
Appended to the Non-Resident Sales Guide is our Voice over Internet Protocol (VoIP) policy. While Security Benefit Life Insurance Company does not endorse or prohibit the use of Skype or other Internet communication tools in the sale of annuities, we would like to make sure all appointed producers are aware of the policy.
Anti-Money Laundering Training
All Insurance Producers must complete Anti-Money Laundering (AML) training before soliciting an annuity application.
If you have taken AML training, please send a copy of your certificate from the training provider to:
Security Benefit
P.O. Box 750487
Topeka, KS 66675-0497
AML training is valid for a two year period after which refresher training is required.