Best Interest Standards of Conduct for Annuity Sales

Bryan Ventures, a leading insurance CE provider, offers the Best Interest Standards of Conduct for Annuity Sales for Minnesota’s requirement for MN Statute A72.2033. We offer this required course is available in three formats.

FOUR HOUR ONLINE COMPLETE COURSE

ONE HOUR LIVE WEBINAR REFRESHER COURSE

ONE HOUR ONLINE REFRESHER COURSE

These courses offer Minnesota Insurance CE credit.  AGENTS IN OTHER STATES CAN TAKE THIS COURSE FOR REQUIRED SALES VALIDATION IN MINNESOTA BUT WILL NOT RECEIVE INSURANCE CE CREDIT FOR THEIR RESIDENT STATE.

Offering the need-to-know information about annuities and appropriate sales practices, replacement, and disclosure requirements under Minn. Stat. §§ 72A.203 to 72A.2036. As is required under MN 72A.2033, the four-hour online course includes compliant information on the following topics:

1. the types of annuities and various classifications of annuities.
2. identification of the parties to an annuity.
3. how fixed, variable, and indexed annuity contract provisions affect consumers.
4. the application of income taxation of qualified and nonqualified annuities.
5. the primary uses of annuities.
6. appropriate standard of conduct, sales practices, replacement, and disclosure requirements; and
7. the recognition of indicators that a prospective insured may lack the short-term memory or judgment to knowingly purchase an insurance product.

As required under Best Interest Standards of Conduct for Annuity Sales for MN Statute A72.2033, the one-hour courses only review information from POINT 6 above and is available to insurance agents who completed the previous ANNUITY SUITABILITY & DISCLOSURE course mandated in 2013. If you have been selling annuities to Minnesota residents since this date, you qualify for one of the one-hour course options.

For more information on Minnesota’s Best Interest Standards of Conduct for Annuity Sales under MN Statute A72.2033 requirement click here: https://mn.gov/commerce/licensees/insurance/annuity-notice.jsp

All offerings for Minnesota’s Best Interest Standards of Conduct for Annuity Sales are listed below. Click any course for more details or add to your cart to register. These courses comply with the necessary requirements to solicit annuities to Minnesota residents after the required date of June 30, 2023. Other courses available to meet Minnesota insurance CE requirements: LIVE MA Eligibility & LTC Partnership 4-hour refresher, ONLINE MA Eligibility & LTC Partnership 4-hour refresher, and ONLINE MA Eligibility & LTC Partnership initial 8-hour course.