California § 1758.3. 1758.3. (Amended by Stats. 2020, Ch. 184, Sec. 29.)

California Statutes

§ 1758.3. — 1758.3. (Amended by Stats. 2020, Ch. 184, Sec. 29.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 5. CHAPTER 5. Production Agencies·Art. 16. ARTICLE 16. Variable Contract Agents

The commissioner shall not grant authority to transact variable life and variable annuity unless the life agent or applicant furnishes proof that the person is registered to sell securities in California in accordance with the rules of the United States Securities and Exchange Commission or the Financial Industry Regulatory Authority. Any authority granted to a life agent to transact variable life and variable annuity shall immediately terminate upon the life agent no longer being registered to sell securities in accordance with the rules of the United States Securities and Exchange Commission or the Financial Industry Regulatory Authority.

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The commissioner shall not grant authority to transact variable life and variable annuity unless the life agent or applicant furnishes proof that the person is registered to sell securities in California in accordance with the rules of the United States Securities and Exchange Commission or the Financial Industry Regulatory Authority. Any authority granted to a life agent to transact variable life and variable annuity shall immediately terminate upon the life agent no longer being registered to sell securities in accordance with the rules of the United States Securities and Exchange Commission or the Financial Industry Regulatory Authority.

California § 1758.3. (1758.3. (Amended by Stats. 2020, Ch. 184, Sec. 29.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.