Registered Representative
What Does Registered Representative Mean?
A registered representative is an individual legally authorized to sell various types of securities. In the context of insurance, registered representatives often sell life insurance products. Many of these products include investment components, allowing a registered representative to assist policyholders with both investing their money and obtaining life insurance coverage.
Insuranceopedia Explains Registered Representative
To become a registered representative, an individual must first pass the Series 7 exam. This exam is comprehensive and focuses on securities knowledge, ensuring that those who sell securities are equipped to handle significant sums of clients’ money responsibly. Additionally, state insurance licenses are often required for registered representatives who wish to sell life insurance products.
