Which of the following is not correct about the regulation of variable products in Louisiana?

Which of the following is not correct about the regulation of variable products in Louisiana?



a. Insurers may not keep variable product funds separate from the insurer's common account.

b. Producers must have a life insurance producer license in order to sell variable products.

c. Producers must have an NASD securities license in order to sell variable products.

d. Insurers must obtain written approval from the Commissioner before transacting variable product business in Louisiana.




Answer: A

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