All regulation of Insurance Companies is performed by:

A.The Insurance Regulatory Information System

B.The Federal Deposit Insurance Corporation (FDIC)

C.State Agencies in which the Insurance Company operates

D.The Federal Reserve

The returns on domestic and foreign portfolio investments are not, in general, perfectly correlateddue to what type of risk?

A.Interest rate risk

B.Liquidity risk

C.Credit risk

D.Foreign exchange risk

What type of life insurance policy doesNOTbuild a cash value for policyholders?

A.Variable Life Insurance

B.Term life Insurance

C.Universal Life Insurance

D.None of the above build a cash value

E.Whole life Insurance

An insurance policy that has the premiums invested in stock, bond, or money market funds, and where the policy value changes with investment performance describes the following type of insurance policy:

A.variable life insurance

B.term life insurance

C.commercial multiple peril insurance

D.group life insurance

A _________________ is a retirement account that has tax-deferred benefits for self-employed individuals that are administered by financial institutions:

A.403(b) account

B.Roth 401(k)

C.Traditional IRA

D.Keogh account