2012 Utah Code
Title 31A - Insurance Code
Article 23a - Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries
Section 206 - Special requirements for variable contracts line of authority.

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of authority is revoked on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer valid.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