L&HPennsylvaniaeasy
Under Pennsylvania's annuity best-interest law (Act 99 of 2021, 40 P.S. § 627-3.1), what annuity training must a PA producer who sells annuities complete?
4 credits of initial NAIC-model annuity training, taken once
B2 hours generic, no PA-specific component
C8 hours initial training every renewal
DNo annuity-specific training is required if the producer holds a valid life insurance license in Pennsylvania
Why this is the answer
Section 627-3.1 of Pennsylvania's Suitability of Annuity Transactions law, as amended by Act 99 of 2021 (effective June 20, 2022), requires a producer with authority to sell annuities to complete an annuity training course of at least four continuing education credits, a one-time requirement. A producer who had already completed the earlier annuity training could instead take an additional one-time one-credit course on the Act 99 changes.
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