This memo is addressed to all Independent Marketing Organizations and any other intermediaries that are part of the compensation hierarchy for any producer selling F&G products. The term IMO – as used here – includes all marketing organizations, insurance agencies, brokerage firms, broker-dealers, and any other person or entity involved in distribution of annuities.
As many of you know, the National Association of Insurance Commissioners (NAIC) adopted the revised model suitability regulation to incorporate best interest requirements. The following states implemented the revised regulation:
State
Implementation Date
New Mexico
October 1, 2022
Wisconsin
October 1, 2022
Maryland
October 8, 2022
Alaska
November 23, 2022
South Carolina
November 27, 2022
Massachusetts
June 1, 2023
Agents who were licensed prior to each states' effective date must fulfill certain CE training requirements relating to best interest no later than the training deadline listed below:
State
Training Deadline
New Mexico
April 1, 2023
Wisconsin
April 1, 2023
Maryland
April 8, 2023
South Carolina
May 27, 2023
Massachusetts
June 1, 2023
Alaska
July 15, 2023
Click the button below for a refresher on the training requirements, due dates and what we’ve shared with agents licensed to do business in New Mexico, Wisconsin, Maryland, South Carolina, Massachusetts and Alaska.
For IMO use only. Not for use with the general public.
“F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
23-0218
Fidelity & Guaranty Life Insurance Company, 801 Grand Ave, Suite 2600, Des Moines, IA 50309
