The Iowa Insurance Division says all agents and brokers selling or soliciting annuity products in the state must complete 4 extra continuing education credits.
Iowa Insurance Commissioner Susan Voss has notified annuity producers of the new continuing education mandate in Iowa Bulletin 10-02.
Voss addressed the bulletin both to annuity producers and to the insurers that write the annuities.
Starting Jan. 1, 2011, a new Iowa administrative rule will require “all insurance producers selling or soliciting annuity products in the state of Iowa to obtain four continuing education credits by an APPROVED vendor offering an annuity products course,” Voss writes in the bulletin. “This is a one-time requirement and is not a condition of license renewal.”