Investment Company Products/Variable Life Contracts Representative Exam
The Investment Company Products/Variable Life Contracts Representative Exam, commonly referred to as the Series 6, is a multiple choice exam that registers an individual to transact a limited set of securities:
Mutual funds
Closed-end funds on the initial offering only
Unit Investment Trust
Variable Annuities
Variable Life Insurance
Municipal Fund Securities
A Series 6 registered individual cannot transact in corporate securities, direct participation programs (DPPs), or option products. This exam is administered by the Financial Industry Regulatory Authority (FINRA, previously known as the NASD). In order to take the exam an individual must be sponsored by a firm who is a member of FINRA or is a Self Regulatory Organization (SRO).
Mutual funds
Closed-end funds on the initial offering only
Unit Investment Trust
Variable Annuities
Variable Life Insurance
Municipal Fund Securities
A Series 6 registered individual cannot transact in corporate securities, direct participation programs (DPPs), or option products. This exam is administered by the Financial Industry Regulatory Authority (FINRA, previously known as the NASD). In order to take the exam an individual must be sponsored by a firm who is a member of FINRA or is a Self Regulatory Organization (SRO).
| Test Breakdown | # of Questions | % of Exam |
|---|---|---|
| Securities Markets, Investment Securities and Economic Factors | 8 | 8% |
| Securities and Tax Regulations | 23 | 23% |
| Marketing, Prospecting and Sales Presentations | 18 | 18% |
| Evaluation of Customers | 13 | 13% |
| Product Information: Investment Company Securities and Variable Contracts | 26 | 26% |
| Opening and Servicing Customer Accounts | 12 | 12% |
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