Model Reg Requires New Forms in New Hampshire

Attention New Hampshire producers 

NAIC Model Regulation 275 requires sales process changes with the rule effective Feb, 16, with training required by Aug. 16. 

For all new business written in New Hampshire, a new annuity standard of care rule became effective on the date listed above. This new “best interest” standard, which replaces the old suitability standard, includes several substantive changes to both producer obligations and supervising insurer obligations. These changes will impact the sales process – including new point-of-sale form requirements, producer disclosures, and documentation obligations. 

We’ve developed a Compliance Blueprint to help you understand your new obligations and summarize the new business requirements. Included with the Compliance Blueprint is the Doing Business With North American Blueprint. This Doing Business Blueprint is intended to be a “cheat sheet” of sorts for you to refer back to as you are getting comfortable with your new compliance obligations. Get these valuable resources now.

Microsite Our microsite offers resources you’ll need to navigate the new regulation. 

Resources Find training resources through RegEd.

Required forms
(also found on our microsite)
NEW – Best Interest Attestation Form
NEW – Producer Disclosure Form
Consumer Profile Form
Comparison and Disclosure Form
(No change to the current AR, FL, NV comparison forms)