9. With respect to the current interest rates that are declared and credited to traditional fixed annuities, which of the following statements is true? (Search Chapter 2)

• a. These rates are mandated by state insurance commissions.
• b. These rates are a function of the performance of independent market indexes.
• c. These rates are left to the discretion of the issuing insurance company.
• d. These rates are selected by the annuity owners, within ranges specified by state law.