Series 7: 8.2.10. Variable Annuity Regulations

Taken from our Series 7 Online Guide

8.2.10. Variable Annuity Regulations

Free-look period. Many variable annuities have a “free-look” period, which allows customers to cancel the policy within a certain amount of time at no charge. The amount of time for the free look varies, but it is typically 10 days.

Prompt payment. Broker-dealers must transmit customers’ an

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