Securities Registration第 45 / 100 题
Which of the following is NOT an exempt security under the Uniform Securities Act?
a.A general obligation bond issued by a school district
b.Common stock issued by a commercial bank
c.Bonds issued by a nonprofit religious organization
d.A variable annuity contract issued by a licensed insurance company
解析
The insurance company exemption covers traditional insurance and fixed annuity products, but a variable annuity is a security whose value depends on a separate investment account and it is not exempt on that basis. Municipal obligations, securities issued by banks, and securities of nonprofit religious and charitable organizations all appear on the exempt security list. The identity or nature of the issuer is what drives most of these exemptions.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
同考点相关题目
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