L&HNJeasy
Under N.J.A.C. 11:4-59 (NJ annuity Suitability and Best Interest), what minimum producer training must a NJ producer complete before soliciting any annuity?
A2 hours one-time annuity training only, with no product-specific component required from any issuing carrier before solicitation
4 hours general annuity training plus 1 hour product-specific training from the issuing carrier
C8 hours initial plus 4 hours per renewal
DNo annuity-specific training is required in NJ
Why this is the answer
N.J.A.C. 11:4-59, NJ's adoption of NAIC Model 275 (Suitability and Best Interest in Annuity Transactions), requires a one-time 4-hour general annuity course plus 1 hour of product-specific training from the issuing carrier for each annuity product the producer will sell.
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