Variable Life and Variable Annuity Contract Examination

PURPOSE: This rule prescribes the examination requirements for applicants for qualification for the variable life and variable annuity line of authority. (1) No insurance producer is authorized to solicit, offer for sale, or sell any variable life or variable annuity contract in this state, unless prior to making any solicitation, offer, or sale of this contract, the producer is qualified under the variable life and variable annuity line of authority as required under section 375.018.1(5), RSMo. (2) The applicant for qualification under the variable life and variable annuity line of authority shall have passed either the Series 6 or Series 7 examination administered by Financial Industry Regulatory Authority (FINRA). AUTHORITY: section 374.045, RSMo 2000, and sections 375.016, 375.018, and 376.309, RSMo Supp. 2007.* Original rule filed Nov. 30, 2007, effective July 30, 2008. *Original authority: 374.045, RSMo 1967, amended 1993, 1995; 375.016, RSMo 1965, amended 1967, 1981, 2001; 375.018, RSMo 1965, amended 1967, 1981, 1984, 1985, 1990, 1991, 1992, 1993, 2001, 2002; and 376.309, RSMo 1963, 1969, 1983, 1992, 1993, 2007.