State RegulationsTN specificDifficulty 2/5
A Tennessee producer licensed for life insurance wants the authority to sell variable life contracts. Which statement correctly describes the licensing path for variable contracts in Tennessee?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Tennessee does not require a written examination for variable contracts. A life-licensed producer seeking variable contract authority contacts the Tennessee Department of Commerce & Insurance about the requirement rather than sitting for another exam, consistent with the state's treatment of specialized authorizations under the producer framework of T.C.A. § 56-6-102. The key distinction for candidates: limited lines and variable contracts share the no-exam feature, while full additional lines would not.
Why the other options are wrong
- A) Variable contracts are an express no-exam item in Tennessee's licensing framework; retaking the full examination is not the path.
- B) Merely holding the life license does not confer variable authority by itself; the producer must engage the department about that authority.
- C) Variable contracts remain regulated products; the department administers the process for the needed authority.
Memory hook
Variable wants no exam — just a conversation with the department.