More than 75% of Industry Slated to Participate

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The Insured Retirement Institute (IRI) and RegEd are pleased to announce that MetLife Investors Distribution Company, National Life Group and Pacific Life Insurance Company have joined their industry wide online platform to satisfy the NAIC annuity training requirements. Most of the largest annuity companies are now on the platform or are in the process of joining. As these companies enter the industry wide solution, IRI/RegEd will already support more than 75% of the annuity market share.                                                                                                      

The three new companies will be eligible to join the Annuity Training Platform Customer Advisory Board (CAB), which includes the four charter members. The CAB meets to discuss new functionality on the platform, state suitability reciprocity and emerging regulatory developments.

Financial advisors began using the platform when it launched on November 22, 2010 to complete state-mandated courses.  Eight states have adopted the model regulation: IA, OK, WI, CO, DC, OH, OR and RI. For those states, RegEd Course 390 NAIC Suitability in Annuity Transactions Model Regulation is available for advisors to complete and to receive CE credit. RegEd also offers annuity training for CA, FL and TX, which adopted their Annuities Training requirements prior to the model regulation.

About the RegEd and IRI Industry Platform.  RegEd and IRI have partnered to provide the industry with a painless solution to comply with emerging state annuity suitability and product training requirements.  This centralized platform will allow producers and carriers access to the most current regulatory information and courseware, as well as customized product training and attestations.  Carrier and distributor feeds will ensure that carrier obligations are met with minimum disruption for producers, who can satisfy multi-carrier, multi-jurisdictional requirements at one location.

Visit www.reged.com/trainingplatform for more information to begin your training.