# MS Insurance Bulletin 2014-7: Suitability in Annuity Transactions Regulation: Insurance Producer Training > Mississippi · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/MS_INS_B_2014-07 ## Section - **Citation:** MS Insurance Bulletin 2014-7 - **Heading:** Suitability in Annuity Transactions Regulation: Insurance Producer Training - **Jurisdiction:** Mississippi - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Mississippi Insurance Department Bulletins / Suitability in Annuity Transactions Regulation: Insurance Producer Training ## Text [LOGO] # MISSISSIPPI INSURANCE DEPARTMENT MIKE CHANEY Commissioner of Insurance State Fire Marshal MARK HAIRE Deputy Commissioner of Insurance 501 N. WEST STREET, SUITE 1001 WOOLFOLK BUILDING JACKSON, MISSISSIPPI 39201 www.mid.state.ms.us MAILING ADDRESS Post Office Box 79 Jackson, Mississippi 39205-0079 TELEPHONE: (601) 359-3569 FAX: (601) 359-2474 # BULLETIN 2014-7 # SUITABILITY IN ANNUITY TRANSACTIONS REGULATION: INSURANCE PRODUCER TRAINING # I. Purpose and Scope Effective September 1, 2013, the Mississippi Insurance Department (MID) adopted the NAIC Model for Suitability in Annuity Transactions Regulation, 19 Miss. Admin. Code, Part 2, Chapter 18. This regulation requires insurers to establish a system to supervise and set standards and procedures for recommendations to consumers that result in transactions involving annuity products so consumer insurance needs and financial objectives are appropriately addressed. # II. Standards Rule 18.07: Insurance Producer Training states that “An insurance producer shall not solicit the sale of an annuity product unless the insurance producer has adequate knowledge of the product to recommend the annuity and the insurance producer is in compliance with the insurer’s standards for product training”. The following minimum training is required: a. An insurance producer who engages in the sale of annuity products shall complete a one-time four (4) credit hour training course approved by the Department and provided by the Department approved education provider. of the product to recommend the annuity and the insurance producer is in compliance with the insurer’s standards for product training”. The following minimum training is required: a. An insurance producer who engages in the sale of annuity products shall complete a one-time four (4) credit hour training course approved by the Department and provided by the Department approved education provider. To allow time for the training process to be completed, insurance producers who held a life insurance line of authority on the effective date of this regulation (September 1, 2013) and who desired to sell annuities were given a grace period of twelve (12) months after the effective date to meet the requirements of Rule 18.07. Individuals who obtained a life insurance line of authority on or after the effective date were required to complete the annuity training course prior to engaging in the sale of annuities. ### III. Enforcement Effective September 1, 2014, the grace period expires and only agents who have completed the training requirements in accordance with this regulation may solicit the sale of an annuity product. Questions may be directed to the MID Legal Division at (601) 359-2451. Issued this the 7th day of August, 2014. MARK HAIRE DEPUTY COMMISSIONER ## Nearby sections - [MS Insurance Bulletin 80-1 Revised Temporary Guidelines for Submission of Life Insurance Policies With Projected Premium Rates Less Than or Equal To Maximum Premium Rates](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1980-01.md) - [MS Insurance Bulletin 80-2(A) Revised Guidelines for Submission of Life Insurance Contracts That Provide Guaranteed Insurability Benefits Based Upon the Consumers Price Index](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1980-02A.md) - [MS Insurance Bulletin 91-4 Health Insurance for Persons on Active Military Duty](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1991-04.md) - [MS Insurance Bulletin 91-6 (Revised) Form for Payments to Volunteer Firefighters](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1991-06.md) - [MS Insurance Bulletin 91-2181 Comprehensive Health Insurance Risk Pool Association](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1991-2181.md) - [MS Insurance Bulletin 93-1 Voluntary Basic Health Insurance Coverage Law](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-01.md) - [MS Insurance Bulletin 93-2 Fire Safety Bulletin](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-02.md) - [MS Insurance Bulletin 93-3 Factory-Built Homes Laws](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-03.md) - [MS Insurance Bulletin 93-4 Manufactured Housing Blocking, Anchoring and Tie-Downs](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-04.md) - [MS Insurance Bulletin 93-5 Adjuster’s Continuing Education Requirements](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-05.md) - [MS Insurance Bulletin 93-6 Revised Guidelines for Contracts](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-06.md) - [MS Insurance Bulletin 93-7 Changes in Adjuster’s License Renewal Date](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-07.md) - [MS Insurance Bulletin 93-8 Withdrawal of Mississippi Insurance Department Bulletin 93-8, Fire Services Development Program Eligibility Guidelines Administered by the MS Department of Insurance](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1993-08.md) - [MS Insurance Bulletin 94-1 Health Insurance Rate Increases](https://www.frixlaw.com/law-library/statutes/MS_INS_B_1994-01.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/MS_INS_B_2014-07. Check the current official text before relying on it. Not legal advice.