Continuing education firm RegEd and the Insured Retirement Institute (IRI) announced Tuesday that four major carriers have joined their industry-wide platform to satisfy the NAIC annuity suitability requirements. The platform launched on Nov. 22, 2010, and is supported by some of the industry's largest distributors.
The new carriers include Allianz Life Insurance Company of North America, Prudential Financial, Security Benefit Life Insurance Co. and Transamerica Life Insurance Co. The organizations say there are "currently numerous other carriers in the contract writing phase."
Financial advisors may join the platform at any time to complete state-mandated courses. Iowa advisors were able to complete their requirements by the Jan. 1, 2011 deadline and have their completion data reported to the above participating carriers.
