January 7, 2011
All American Equity NMO's and
James Jones - Vice President,
Product Training and New
Suitability Form Requirement
INFORMATION - PLEASE READ CAREFULLY - NEW
REQUIREMENTS MAY IMPACT THE ISSUANCE OF NEW
BUSINESS SUBMITTED AFTER FEBRUARY 15, 2011
Certain provisions of the
NAIC Suitability in Annuity Transactions Model
Regulation and the Harkin/Meeks Amendment to
the Dodd-Frank Wall Street Reform and Consumer
Protection Act require all Insurance Producers
to complete CARRIER SPECIFIC product training
before selling or soliciting
American Equity annuity products.
American Equity will not be
able to issue new business dated prior to an
Insurance Producers completion of these
training requirements. This training
requirement is effective February 15,
2011, and only needs to be completed
for those products which you actively solicit
business. IMPORTANT - LIBR
training is a separate module, covers all
products in our portfolio and only needs to be
completed once. If not completed, your
business will be impacted.
PLEASE NOTE: As
stated in previous communications, Iowa
requirements remain effective January 1, 2011.
American Equity is offering
product specific training on our agent
website. To access training:
Log on to our agent website at
www.american-equity.com using your
agent number and password.
Click on the "Training" icon on the left
Click on the "Product Specific Training"
Click on "Training" to view the product
Click on the "Training Questions" link and
complete the questions.
Producers who have not been issued an American
Equity agent number can access the product
by entering their license number and the last
four digits of their social security number.
SUITABILITY REQUIREMENT - PLEASE READ:
Effective February 15, 2011,
Suitability Acknowledgement Form 4106 dated
12.07.10 will be REQUIRED with all
applications in all states EXCEPT
Florida, use form 4106-FL dated 01.14.10,
Minnesota, use 4106-MN dated 05.04.09 and
Oregon use 4106-OR dated 09.11.09.
Thank you for you continued
business and support!
Click here for the New Suitability Form