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Exam term

Section 4240

The New York Insurance Law section that governs separate accounts for variable life and variable annuities and gives the superintendent sole state authority over their issuance and sale.

Lessons that use this term

  • Fixed versus variable life, and SEC, FINRA, and New York regulation of variable products (Ins. Law 4240, Regs 47 and 77) New York

Exam prep

  • Insurance
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