Title 31A Chapter 23a Section 206
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Insurance Code | |
Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries | |
Section 206 | Special requirements for variable contracts line of authority. |
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31A-23a-206. Special requirements for variable contracts line of
authority.
(1) Before applying for a variable contracts line of authority: (a) a producer shall be licensed under Section 61-1-3 as a: (i) broker-dealer; or (ii) broker-dealer agent; and (b) a consultant shall be licensed under Section 61-1-3 as an: (i) investment adviser; or (ii) investment adviser representative. (2) A producer's or consultant's variable contracts line of authority is revoked on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer valid. Amended by Chapter 253, 2012 General Session | |
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