Question: A variable annuity is a ( n ) : A security regulated under the Investment Company Act of 1 9 4 0 B insurance product

A variable annuity is a(n) :
A security regulated under the Investment Company Act of 1940
B
insurance product that is not regulated under the Investment Company Act of 1940
security but it has no prospectus delivery requirement
insurance product that has no prospectus requirement
A variable annuity is a ( n ) : A security

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