Okla. Admin. Code § 365:25-3-15

Current through Vol. 42, No. 7, December 16, 2024

Section 365:25-3-15 - Variable product licensing

(a) Producers who wish to sell a variable life product shall have passed successfully the Oklahoma Life Insurance examination and shall provide proof of current FINRA registration with series 6 or 7 and series 63 or 66, or any other exam FINRA deems to be substantially equivalent that is approved by the Commissioner in his or her discretion.

(b) No test shall be required of an applicant for a variable annuity license if:

(1) The applicant provides proof of current FINRA registration with series 6 or 7 and series 63 or 66, or any other exam FINRA deems to be substantially equivalent that is approved by the Commissioner in his or her discretion, and

(2) The applicant shall pay an additional license fee as required by 36 O.S. § 1435.23(A)(4)(b) with the submission of an application as prescribed by the Insurance Commissioner.

Okla. Admin. Code § 365:25-3-15

Added at 15 Ok Reg 1210, eff 1-30-98 (emergency); Added at 15 Ok Reg 3229, eff 7-13-98; Amended at 19 Ok Reg 1310, eff 7-14-02; Amended at 27 Ok Reg 1551, eff 7-14-10; Amended at 28 Ok Reg 1964, eff 7-14-11

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022