L&HGeorgiamedium
A Georgia producer wishes to sell variable annuities. In addition to a Georgia life insurance license under O.C.G.A. § 33-23, which additional credential is required?
AProperty & casualty license under O.C.G.A. § 33-7
BPublic adjuster license under O.C.G.A. § 33-23-1
FINRA Series 6 or 7 plus state securities registration
DSurplus lines broker license under O.C.G.A. § 33-5
Why this is the answer
Because variable annuities are registered securities under federal law, Georgia producers must hold both a Georgia life insurance license and a FINRA securities registration (Series 6 for packaged products or Series 7 for general securities), plus state securities registration through the Georgia Secretary of State's Securities Division. P&C, public adjuster, and surplus lines licenses are unrelated to variable annuity sales.
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