Licensing Requirements for Insurance Brokers

Christopher Lowell Jackson blue shirt
Christopher Lowell Jackson, Allstate Insurance

The owner of Allstate Insurance in Greensboro, Georgia, Christopher Lowell Jackson has taken his agency to a top ten national ranking in only five years. Christopher Lowell Jackson has passed the Series 6 examination, which entitles him to offer variable insurance products, such as annuities and funds similar to mutual funds.

The Series 6 examination is administered by the Financial Industry Regulatory Authority (FINRA), a federal agency which regulates broker-dealers and audits them for regulatory compliance. The exam is also the responsibility of the North American Securities Administrators Association (NASAA), which coordinates the efforts of the 50 states to ensure brokers have the right knowledge base.

Prospective brokers who wish to take the Series 6 exam must report to a proctoring center where the test is administered by computer. Applicants must finish within 135 minutes.

FINRA also introduced an additional exam called the Securities Industries Essentials (SIE) to candidates who want to earn their first securities licenses. The exam includes questions about capital markets, trading, and rules that govern the industry. All new applicants are required to take the exam, while those who are registered prior to October 1, 2018 are already considered to have passed the SIE exam.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s