Retirement and Other Insurance Concepts
Because variable annuity contracts involve investment risk in underlying securities subaccounts, what licenses must an agent hold to sell variable annuities in Texas?
Answer and explanation
Answer: D. Selling variable products requires both state life insurance producer licensing and FINRA securities registration.Source: Texas Insurance Code Chapter 4054 / FINRA — § 4054.051, Variable License Requirement
More retirement and other insurance concepts questions
- Under TIC § 1131.051, what minimum participation requirement applies to a CONTRIBUTORY group life insurance plan where employees pay part of the premium?
- What conditions must be met for a Roth IRA distribution of earnings to qualify as 100% tax-free?
- What conversion right do covered children have when reaching the age limit under a family rider?
- What disclosure document must be delivered to a consumer prior to or at the time of purchase of a variable annuity under federal securities law?
- What does it mean for a worker to be fully insured for Social Security survivor benefits?
- What happens in a life settlement transaction?
590 Texas questions like this one.
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