***PLEASE CHOOSE THE CORRECT MULTIPLE CHOICE ANSWER FOR THE THREE QUESTIONS***

Question 11 Variable annuities are variable during the accumulation period, and provide fixed payments during the distribution period Oprovide variable payments during the distribution period may be fixed or variable during the payout period. should therefore be converted to a graded distribution option Question 28 | 1.925 p An arrangement under which an employee and employer share the premium cost of an insurance policy on the life of the employee is called deferred compensation plan cross-purchase agreement O split dollar plan shared interest agreement Question 40 The business activities exclusion of Homeowners Section II excludes coverage for business activities only if'they are conducted on the premises. only if the business is owned by an insured only if the business is engaged in on a full-time basis for which an insured received more than $2000 during the year prior to inception