No person may act as an agent for a life insurer in the transaction of modified guaranteed annuities unless and until he has received from the Commissioner a license as a variable contract agent pursuant to Article 16 (commending with Section 1758.1), Chapter 5, Part 2, Division 1, of the Insurance Code.
Cal. Code Regs. Tit. 10, § 2534.32
Note: Authority cited: Sections 10506(h) and 10506.3(a), Insurance Code. Reference: Sections 10506(h), 10506.3(a) and 1758.1 through 1758.5, Insurance Code.