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Will completion of an annuity training course before the effective date of Public Act 266, be accepted as meeting the requirements of the Act?
No. If the annuity training course(s) is taken prior to June 29, 2021 (has an approval date of June 28, 2021 or before), the Annuities Suitability requirement will not be fully met. The licensee would need to complete either a 4-hour or a 1-hour Annuities course approved on or after June 29, 2021 to be compliant with the requirements of the Act. Courses that meet the requirements of the Act will have a course type of Annuities – Best Interest.