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Virginia Life, Annuities, and Health Insurance Examination Series 11-01

  • Exam Number/Code : Virginia-Life-Annuities-and-Health-Insurance
  • Exam Name : Virginia Life, Annuities, and Health Insurance Examination Series 11-01
  • Questions and Answers : 213 Q&As
  • Update Time: 2019-01-10
  • Price: $ 99.00 $ 39.00

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NEW QUESTION: 1



A. Option B
B. Option E
C. Option A
D. Option C
E. Option D
Answer: C,D

NEW QUESTION: 2
Which of the following is not a security, as defined by the Uniform Securities Act?
I. an option contract
II. a futures contract on gold
III. a 401K plan
IV. a variable annuity
A. None of the selections listed are securities.
B. Only Selection III is not a security.
C. Only Selections II and III are not securities.
D. Selections II, III and IV are not securities.
Answer: C
Explanation:
Explanation/Reference:
Explanation: Only Selections II and III are not securities. Neither retirement plans nor commodity futures contracts are deemed to be securities by the Uniform Securities Act. A 401K plan may be invested in securities, but it is not a security itself. A gold futures contract is a contract between two parties for the delivery of the underlying asset, gold. The profits (or losses) are not dependent on the performance of an outside party, which is a critical element, based on a 1946 U.S. Supreme Court decision, which defines a security as "an investment of money. . . with profits to come solely from the efforts of others."

NEW QUESTION: 3
Cloud Foundry what time of Container is created when you deploy and app?
A. A Rocket container
B. A LXC container
C. A Docker container
D. A Garden container
Answer: D

NEW QUESTION: 4
Which element is generally required of all anti-money laundering programs?
A. A computer-based suspicious activity monitoring system
B. Annual in-person AML training for all employees
C. A qualified compliance officer to manage the program
D. An enhanced due diligence program for all new customers
Answer: C