California Code, Insurance Code - INS § 1758.1
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(a) For the purpose of making provision for the issuance of policies or contracts authorized by Article 5 (commencing with Section 10506) of Chapter 5 of Part 2 of Division 2, the commissioner may grant authority to transact variable life and variable annuity to a person or a natural person named on a license of an organization licensed as a life agent that is appointed by an admitted insurer that is required to register itself or to register a separate account or fund with the United States Securities and Exchange Commission under the Federal Investment Company Act of 1940, 1 or to register its variable policies or contracts with the Securities and Exchange Commission under the Federal Securities Act of 1933, 2 and has complied with that requirement. The commissioner may grant variable life and variable annuity authority to a person who is not a resident of California and is not a licensed life agent in California provided that the person is licensed for both life and variable annuity authority in the resident state.
(b) A person shall not act as an agent of the insurer in the transaction of the policies or contracts unless the person holds a valid authority under this article.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 1758.1 - last updated January 01, 2023 | https://codes.findlaw.com/ca/insurance-code/ins-sect-1758-1/
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