L&HNJmedium
To solicit a variable annuity in New Jersey, a producer must hold which combination of credentials?
ANJ resident life license only
NJ life license with variable contract authority and FINRA registration (Series 6 or 7)
CFINRA Series 6 or 7 registration alone, since variable annuities are treated exclusively as securities products under federal regulation
DNJ property & casualty license plus FINRA Series 63
Why this is the answer
Because variable annuities are dual-regulated as insurance and securities, NJ requires the producer to hold an NJ life license with variable contract authority AND a FINRA registration (Series 6 for packaged products, Series 7 for the full range), together with broker-dealer affiliation.
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