Contracts that provide payments based on the investment return of a segregated asset account are called
A) segregated life insurance
B) variable life insurance and annuities
C) whole life insurance
D) participating annuities
Ans: B) variable life insurance and annuities
Business
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A broker took a listing and later discovered that the client had been declared legally incompetent before signing the listing. The listing is now
A) binding because the broker was acting as the owner's agent in good faith. B) of no value to the broker because it is void. C) the basis for the recovery of a commission if the broker produces a buyer. D) renegotiable.
Business
Given a df1 = 3 and df2 = 6, what is the probability that F is greater than 4.3?
A) 0.0610 B) 0.1294 C) 0.05 D) 0.5 E) Not enough information provided
Business