Section 31A-23a-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: (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of authority is canceled on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer active.Amended by Chapter 138, 2016 General Session ,§ 25, eff. 5/10/2016.Amended by Chapter 253, 2012 General Session ,§ 21, eff. 5/8/2012.Renumbered and Amended by Chapter 298, 2003 General Session