All sales representatives of the provider approved by the board to solicit employees must be fully trained to explain the various investment options available through the provider, be able to explain what the deferred compensation program is as found under section 457 of the Internal Revenue Code, and be licensed with the North Dakota state securities commissioner for the sale of registered or unregistered securities or the North Dakota state insurance commissioner for the sale of insurance contracts or policies, or both.
N.D. Admin Code 71-04-06-03
General Authority: NDCC 28-32-02
Law Implemented: NDCC 54-52.2-03