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Iowa Insurance Division Releases Bulletin on Annuity “Best Interest” Training

Wednesday, October 14, 2020

With annuity producers required to adopt a “best interest” standard by January 1, 2021, the Iowa Insurance Division has issued new guidance on training requirements. Under these regulations (IAC 191-15.76), annuity producers must take a “one-time training course.” However, in some cases courses taken after October 1 but before January 1 will still meet the requirement. Read the bulletin here.