An individual variable insurance contract (IVIC) is in fact an individual annuity contract related to segregated funis. it means that premiums paid are invested in segregated funds managed by the life insurance company. Listed below are a number of statements relating to IVICs. Select those that are correct: 1. NiCs may be governed by insurance legislation, or securities law. 2. Instead of a prospectus, disclosure regulations require that insurers provide a stipulated collection of information about the policy at the point of sale, in a language that is reader-friendly, before a policy for an ivic is atcepted. This is called an information folder. 3. Specimens of the information folder must also be filed with some provincial insurance regulator before any applications may be accepted and be kept up to date. 4. Other documents must also be remitted by the life insurance agent (at the point of sale) to the client, such as the Fund Facts and the Key Facts. 158 They are often inside the information folder. 5. A copy of the application form must also be remitted to the client. Select one: a.1, 2,384 b. 1,2,4&5 c. 2,3,4&5 d. 1,3,4&5