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Earlier editions: 2020-112018-11

DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 5. Production Agencies 1621-1758.993›ARTICLE 16. Variable Contract Agents 1758.1-1758.5

§ 1758.3

California Insurance Code · 2026 edition · updated 2026-10-04 · California

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.

(Amended by Stats. 2020, Ch. 184, Sec. 29. (SB 1255) Effective January 1, 2021.)

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California Insurance Code

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