18 Del. Admin. Code § 503-3.0 - License Qualification

3.1 Each applicant for license as a limited representative for the line of fixed or guaranteed annuity, whether as an individual or as a registered member of a licensed firm, shall meet the requirements of 18 Del.C. § 1720 except that:

3.1.1 the applicant shall not be required to satisfy 18 Del.C. § 1720 (a)(3) (principal occupation, insurance, fifty percent of income from insurance).

3.1.2 18 Del.C. § 1720 (a)(4) (written examination) shall not apply.

3.2 Each applicant shall have demonstrated his qualification for license by successfully completing the National Association of Security Dealers (NASD) examination and shall include as a part of the application evidence of such successful completion. No license shall be issued unless this criterion is fulfilled.

Notes

18 Del. Admin. Code § 503-3.0