Your NAILBA Agency membership entitles you to provide your agents/producers Anti-Money Laundering Training that meets all federal requirements - AT NO COST to you or the agent. It’s easy to share this important member benefit with your agents:
Step 1 – Have your agents visit the NAILBA/LIMRA AML training site at https://aml.limra.com/Nailba_default.html. You can add this link to your website.
Step 2 – If your agents have already completed the base training through LIMRA, it’s easy. They simply need to log back into the system, check to be sure they have noted their affiliation with your agency during the login process, and complete any outstanding AML training. The training takes about 30 minutes.
On completion, any insurance carriers who have requested notification for that particular producer and that particular training will be notified of the completion. For example, if your agent is appointed with Company X and Company X has requested that the agent takes the 2016 AML Update, once the agent completes the 2016 AML Update, Company X will automatically be notified of the completion of the 2016 AML Update.
Producer new to LIMRA/NAILBA AML training?
If the agent completed their training elsewhere, they can create an account on the LIMRA site to take the LIMRA/NAILBA AML training, but they will have to complete the base course in addition to any available updates.
Step 3 – That’s all there is to it! Please note that each carrier has their own requirements, and may have additional training on the site that must be completed to fulfill their requirements. Please direct your agents to the individual carriers for questions about specific company requirements.
Why the login information is critical:
The NAILBA/LIMRA AML training program works by using a login that includes your first and last name and your National Producer Number (NPN). By using this information as the login, the system can link the course completion information and results to the information submitted by the insurance carriers regarding the agents with whom they do business.
NOTE: Using incorrect or fake login information will result in results not being reported out to the insurance carriers, as there is no way to link the user back to any agent record with the insurance carrier. Remind your agents to enter their information carefully!
If your agent has taken NAILBA/LIMRA training in the past, but forgot their password, direct them to use the “forgot password” link on the login page to access training. DO NOT create a new account using incorrect or fake information simply to gain access to the course.
How the notification works:
Using the login information, the system links the course results to the agent, and AUTOMATICALLY notifies the insurance carrier of course completion. The agents themselves DO NOT receive any notification of completion, nor is there any sort of completion page/certificate that needs to be sent to the insurance carrier by the agent.
Your agents/producers need to note that they will be taking the NAILBA/LIMRA AML training on the appointment application to the carrier. This will trigger the carrier to request completion data on that agent.
Federal law requires insurance agents and brokers to complete Anti-Money Laundering Training. Each agent or broker MUST create their own account and log-in to the AML Training System, and MUST complete the training on their own. It is unlawful to have someone complete the training FOR you. Having someone complete the training for you or using another individual’s account to access the training system constitutes fraud and may be punishable under federal law.
Please note that each carrier has their own requirements, and may have additional training on the site that must be completed to fulfill their requirements. Please direct your agents to the individual carriers for questions about specific company requirements.
Additional questions? Call NAILBA at (703) 383-3081.