Question: Mrs . Jones purchases a variable annuity contract and does not instruct the agent to invest the premium in the mutual funds underlying the contract

Mrs. Jones purchases a variable annuity contract and does not instruct the agent to invest the premium in the mutual funds underlying the contract auring
the cancellation period. She then returns the contract during the cancellation period. What must the insurer return to Mrs. Jones?
A) the account value
B) only the premium
C) nothing
D) the premium and any policy fee paid

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