Kansas Administrative Regulations

Agency 40.  Insurance Department

Article 15.  Variable Annuities or Separate Accounts

 

40-15-7 Same; agents; qualification.

 

(a) Unless licensed as a variable contract agent, an agent shall not be eligible to sell or offer for sale a variable contract.

(b)  An agent who participates only in the sale or offering for sale of variable contracts that are not registered under the federal securities act of 1933 shall not be required to be licensed as a variable contract agent.

 

(Authorized by K.S.A. 40-103, 40-436; implementing K.S.A. 40-241; effective Jan. 1, 1969; amended Jan. 1, 1970; amended May 1, 1986.)