L&HMAmedium
To sell variable annuities in Massachusetts, what licensing combination must a producer hold?
MA life producer license plus FINRA registration
BMA life producer license only
CFINRA securities registration only
DMA property & casualty license plus FINRA registration
Why this is the answer
Variable annuities are dual products — an insurance contract regulated by the MA DOI and a security regulated by the SEC and FINRA. A producer must hold an active MA life producer license and a current FINRA securities registration to solicit them.
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