Group Life & AnnuitiesQuestion 109 of 315
Which license, in addition to a California life-only license, must a producer hold to sell a variable annuity?
a.A California property and casualty license
b.A California accident and health license only
c.A California public adjuster license
d.A FINRA securities license (Series 6 or Series 7)
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 §10506Practice all 315 questions free — no signup required.
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