Utah Admin. Code R590-133-7 - Licensing of Variable Contract Producers
(1) A producer is not eligible to sell, offer
for sale, or make a recommendation to purchase or terminate a variable contract
until the producer is licensed as a variable contract producer.
(2) A producer's variable contract license is
not effective until the producer:
(a) obtains
a life insurance line of authority;
(b) provides evidence that the producer
passed the Financial Industry Regulatory Authority examinations series six or
seven and 63; and
(c) provides
evidence of being Utah approved from the Financial Industry Regulatory
Authority, Central Registration Depository.
(3) Notwithstanding Subsection (2), a
nonresident producer may be licensed as a variable contract producer in this
state upon providing evidence of being licensed as a variable contract producer
in the resident state.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.