31A-23a-206. Special requirements for variable contracts line of authority.
(1) Before applying for a variable contracts line of authority: a producer shall be licensed under Sectionas a: 61-1-3 broker-dealer; or broker-dealer agent; and a consultant shall be licensed under Sectionas an: 61-1-3 investment adviser; or investment adviser representative.
(2) A producer's or consultant's variable contracts line of authority is canceled on the day the producer's or consultant's securities related license under Sectionis no longer active. 61-1-3