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Chapter 6
Chapter 7
Chapter 8
Chapter 9
Chapter 10
100
A tax free contribution of cash or other assets disbursed from one retirement plan into another retirement plan
What is a rollover
100
a tax levied in the United States on compensation that a person or business receives for services rendered
What is income tax
100
Sample legislation that is intended to serve as a guide for state lawmakers
What is a model law
100
The process of developing, pricing, promoting, and distributing ideas, goods, or services ro create exchanges that satisfy the needs of both buyers and sellers
What is marketing
100
A type of annuity under which the insurer credits a stated amount to the initial purchase payment or subsequent purchase payments as a bonus for the contract owner's purchase of the annuity
What is a bonus annuity
200
Anyone may purchase this type of annuity, whether or not they have taxable income.
What is a non-qualified annuity
200
Retirement plans must meet what guidelines and satisfy Internal Revenue Code requirements to be considered qualified?
What is ERISA
200
The primary Canadian federal law that governs insurance companies operating in Canada
What is the Insurance Companies Act
200
a form on non-personal promotion in which information about a company or its products and services is generated by an identified sponsor and transmitted, for a fee, by the media
What is advertising
200
The stock market volatility which causes a reduction in corporate-sponsored retirement plans is an example of
What is economic change
300
If an employee receives a lump sum payment from an employee sponsored retirement plan, the payor is required to withhold
What is 20%
300
The Exclusion ratio formula is
What is teh investment in the contract as of the date annuity payments begin / the expected return
300
This model law requires that prospective buyers of individual deferred annuities and certain group annuities be provided with basic information about annuities in general adn about preemiums, cash values, adn surrender costs for the specific annuity contract the prospective buyer is considering.
What is the Annuity disclosuree model regulation
300
Which step in product development consists of market analysis, product design objectives, and developing a marketing plan?
What is comprehensive business analysis
300
A Regulatory change that causes an establishment in the amounts in retirement accounts would be
What is tax reforms
400
A prepaid tuition plan to help parents save for a child's education is
What is a 529 plan
400
Hardship can be exempt from penalties in premature distributions if the plan is
What is qualified
400
What governs a variety of insurance company activities related to annuity sales and operations?
What is market conduct regulation
400
Marketing organizations are part of a personal selling distribution system known as
What is non-agency building
400
Aging of the population is a demographic change that causes
What is lengthening of retirement periods.
500
A Canadian plan that is employer-sponsored, where the employer makes contributions on behalf of employees and contributions are tax deductible is known as a
What is a registered pension plan (RPP)
500
In Canada, for contracts purchased in 1989 or later, taxes on earnings are assessed how often
What is an annual basis
500
This limits the sentence length, word length, and the amount of technical jargon and legal language included in insurance and annuity contracts.
What is readability requirements
500
Variable annuities are considered a security and can only be sold through
What is a broker dealer
500
Insurance companies offer financial services to the following three groups
What is consumers, business owners, and financial advisors