§ 31A-23a-206. Special requirements for variable contracts line of authority.

Latest version.

(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of authority is revoked on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer valid.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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