RI| Rhode Island has issued Bulletin Number 2021-1. This Bulletin replaces Bulletin Number 2011-2.
Both the Long Term Care statute and the Annuity Suitability regulation provide for substantive training of producers prior to the sale, solicitation or negotiation of long term care insurance or annuity contracts. The Long Term Care requirements first became effective in 2007 and Rhode Island has been following a “good faith compliance” standard as outlined in Insurance Bulletin 2007- 10. Insurers and producers should follow the requirements of this bulletin for compliance with the Long Term Care training requirements of R.I. Gen. Laws § 27-34.2-21. The Annuity Suitability requirement first became effective 02/01/2006. The Annuity training requirements were modified in December 2020, see Part 1.7 of 230-RICR-20-25-1.