Variable annuities are regulated as
A) health insurance under the Affordable Care Act
B) unilateral contracts
C) long-term care insurance
D) both insurance products and securities
Ans: D) both insurance products and securities
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Employment at-will does not exist where the:
A. employment is for an indefinite period. B. employee's compensation is paid on a monthly basis. C. parties agree to an employment relationship for a definite period of time. D. employer is subject to the coverage of Title VII of the Civil Rights Act.
Which of the following statements concerning an initial intrastate securities offering made by an issuer residing in and doing business in that state is true?
A. The offering would be exempt from the registration requirements of the Securities Act of 1933. B. The offering would be subject to the registration requirements of the Securities Exchange Act of 1934. C. The offering would be regulated by the SEC. D. The shares of the offering could not be resold to investors outside the state for at least 1 year.