To Protect Policyholders,state Laws Place Limitations on a Life Insurance

Multiple Choice

To protect policyholders,state laws place limitations on a life insurance company's investments.The assets backing interest-sensitive products,such as variable life insurance and variable annuities,are not subject to these restrictions.Assets backing interest-sensitive products are placed in a special account called the life insurer's

A) policy reserve account.
B) policy loan account.
C) separate account.
D) policyholders surplus.