Group Life & AnnuitiesQuestion 109 of 716
Which license, in addition to a California life-only license, must a producer hold to sell a variable annuity?
a.A California accident and health agent license
b.A FINRA securities license (Series 6 or Series 7)
c.A California public adjuster license from the CDI
d.A California property and casualty broker-agent license
Explanation
Variable annuity subaccounts are securities, so selling a variable annuity requires a FINRA securities license such as Series 6 (mutual funds and variable contracts) or Series 7, in addition to a state life insurance license.
Law Reference: Cal. Ins. Code §10506This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Last reviewed: · editorial process
PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)