MI | The Michigan Department of Insurance has released a bulletin announcing updates in Producer Variable Life/Variable Annuities line of authority requirements.
Effective October 1, 2018, the Financial Industry Regulatory Authority (FINRA) restructured its representative-level qualification exam program. This bulletin contains the new requirements applicable to resident and non-resident agency and individual insurance producer applicants for the variable annuities line of authority to successfully complete the Securities Industry Essential exam in addition to the FINRA series 6 or 7 exam.