There are states where the variables line of authority is based on reciprocity in your resident state.

Variable Annuity & Variable Life: The NASD regulates securities brokers by requiring that individuals selling securities pass various exams, however many states require for the individual writing variable contracts to hold another license in addition to their Series 6 or 7.

Each state regulates individuals who sell Variable Contracts to residents of their state. The two governing bodies are the NASD and the Departments of Insurance. Individuals selling Variable Contracts must be approved with the NASD in each state they are marketing and, they often must secure a life license through the insurance department as well.

The insurance department will not grant the Variable Annuities authority until certain other conditions are met. ILSA can answer all your questions. If you plan to sell Variable Annuities, we are here to help you every step of the way.

ILSA’s Variable Annuity & Variable Life services include:

• Complete the applications and overnight them to you for signatures, if required.
• Provide you with all the states’ requirements
• Obtain Letters of Certification from your home state
• Submit all license applications and other required documents to the Department of Insurance
• Follow up on a weekly basis with the DOI until the license is issued.
• Provide you with 24/7 access to our secure ILSA client gateway to review your status

Questions about Variable Annuity & Variable Life services? Contact Our Licensing Specialists Chris Aaron ext. 6112 (caaron@ilsainc.com) or Cammecia Johnson ext. 6182 (cjohnson@ilsainc.com) for details.

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