U.S. firms doing business internationally face the complications of having to deal with two or more monetary systems

A variable annuity applicant invests his premiums immediately into the stock portfolio chosen for his annuity. He then returns his annuity during the free look period when the stock market drops significantly. What will the client receive?

A. His entire premium B. The policy account value on the date the returned policy is received by the insured C. The policy account value on the date the returned policy is received by the insurer D. The full premium minus the surrender charge

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Indicate whether the statement is true or false.