L&HPennsylvaniamedium
A Pennsylvania producer wants to sell variable annuities. Beyond a PA life producer license, what additional credentials are required?
FINRA Series 6 or 7 securities registration AND PA variable line authority
BPA property license only
CSeries 65 investment-adviser registration only
DNo additional license is required because variable annuities are regulated solely as insurance products under Pennsylvania law, with no securities component
Why this is the answer
Because variable annuities are dual-regulated as both insurance and securities, a PA producer must hold the PA life license AND a FINRA Series 6 (limited investment company / variable contracts) or Series 7 (general securities) registration through a broker-dealer, AND obtain the PA variable line authority endorsement on the producer license.
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