Nationwide Product Training

Transcription

1 Nationwide Product Training *Important Notice to ALL agents contracting with Nationwide for annuities - All required training must be completed prior to writing any business with this carrier. Failure to do so could result in business being returned* Training only applies to producers soliciting Annuity business - No additional training required for Life products Please send completed training certificates along with your contracting paperwork to ECA Marketing for processing Carrier Specific Training: Instructions: Product training is offered through RegEd. Log in to your RegEd Annuities Training Platform account on to completed the training. If you do not have a log in yet, you will need to create one by clicking on Register Online under the Producers Get Started box on the home page. o Once logged in to your RegEd ATP account, locate the box under the menu that says Enter Product Code o Product code for the Income Promise Select (SPIA) is incomepromiseselect. Enter it into the box as seen above all lower case letters, no spaces! o Once completing your training, please save/print a copy of your completion certificate and submit it to ECA with your contracting. This will prevent any electronic failures from occurring and may help prevent your business being rejected!! NAIC Model State Regulatory Training: Please provide a copy of your 4 Hour Annuity CE Course as well a proof of completion of the Carrier Specific Product Training along with the agent contracting forms. Agents in the states shown below must complete a state approved Annuity Suitability Course. AK CA CO CT DC GA HI ID IL IN IA KS KY LA MA ME MD MI MN MS NE NH NJ ND OH OK OR RI SC SD TN TX WA WV WI WY Note: FL, NY, and UT do not have state training requirements, but still require agents to complete any product specific training with the carrier. If you have any further questions in regards to the Product Training please call ECA Marketing and ask for your Marketing Representative or the Licensing & Contracting Department Thank you for contracting with Nationwide through ECA Marketing! NOTE: States subject to change based on state and carrier requirements Updated: 9/16/16

2 Suitability in Annuity Transaction Model Regulation Requirements Learn what they are, your deadline for completion and how to fulfill them.

3 The NAIC (National Association of Insurance Commissioners) passed the 2010 NAIC Suitability in Annuity Transactions Model Regulation (2010 Model). This model amended the existing regulation and will be regulated on a state-by-state basis. The regulation requires that all annuity producers licensed in a state that has adopted this model complete two mandatory training programs, available on the RegEd Annuity Training website, prior to solicitation: Product-specific training for each annuity product (This requirement can also be fulfilled with wholesaler classroom training) Annuity Suitability course (This course can also be completed through an approved state department of insurance provider) It s important to complete your training so you re not missing out on opportunities to help your clients make decisions. Inside this guide, you ll find a list of effective dates for the requirements as well as information to help you start your training on the RegEd Annuity Training Platform. Requirements may vary by state, please consult the enclosed list to verify your state requirements. *

4 Complete your training through the RegEd Annuity Training Platform. To make completing your training simpler and more convenient, Nationwide is offering the required courses online through RegEd s Annuity Training Platform. Here you ll be able to fulfill multiple carrier requirements, and distributors will be able to view your complete compliance profile for annuity training. The steps below will help you get started. Register Registration is required to access the training on the RegEd Platform. 1. Go to 2. Click Sign Up in the top right-hand corner 3. Fill out the registration form 4. You will need to provide your National Producer Number (NPN); if you are unsure of your NPN, click on Find NPN 5. Once the registration information is complete, and you have acknowledged the Terms of Service, click Register 6. Indicate the state(s) where you sell or will be selling annuities, including your resident state When registration is complete, you ll be provided with detailed instructions on how to fulfill your necessary training. You can also find a summary of your assigned training under Producer Status on your main menu.

5 Start your training State Suitability Training: When registration and state selection is complete, you will find a summary of your assigned training under the Producer Status page. 1. Access state suitability training on the Producer Status page; select Order course 2. Indicate whether or not you would like to use the course as Continuing Education Credits 3. Select appropriate course and click Proceed 4. Once your order is complete, select Go to course to access the training on the Producer Status page Product-specific Training: There are two ways to begin your product-specific courses. Assigned courses: 1. To view assigned training, select Nationwide Annuity Product Training from the left-hand navigation bar 2. Select the desired course and click Proceed Carrier-provided code: 1. If you have a carrier-provided product training code, select Enter Product Code from the left-hand navigation bar 2. Enter your code and click Submit 3. Your course should be visible on the left-hand navigation bar or the Producer Status screen You can also access product training from the Carrier Specific Product Training section on the Producer Status page. Select Go to Requirement to access the product training course(s) that has been assigned to you and then click Proceed.

6 Don t miss out on selling opportunities because you haven t completed your training requirements. Contact the Nationwide Sales Desk at with questions about the NAIC requirements, and visit to register for your courses and start your training today.

7 The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company Nationwide FOR BROKER DEALER USE ONLY NOT FOR USE WITH THE PUBLIC AAM-0187AO.1 (01/15)