LIMRA, LOMA Offer Online ‘Best Interest’ Training for NY Reg 187
June 11, 2019 by Elizabeth Festa
Industry trade associations LIMRA and LOMA announced Monday they are offering training for New York’s best interest and suitability regulation, which takes hold Aug. 1.
LOMA’s and LIMRA’s combined online training program, announced Monday, is designed to help both sales agents and producers as well as home office employees understand and comply with the new rule through two comprehensive courses, the groups said.
The courses take about 45 minutes to complete, are interactive and include a mix of education and scenario-based material, the organization said. LIMRA and LOMA, which have a combined membership of more than 1,300 insurance and financial services companies globally, are part of their nonprofit parent, LL Global.