Question

If the portfolio of a variable annuity separate account is directly and actively managed by the insurance company, the separate account must be registered as:_____.

Answer 1

If the portfolio of a variable annuity separate account is directly and actively managed by the insurance company, the separate account must be registered as Open End Management

Management is a purposeful activity.

It guides the efforts of a group towards achieving a specific, predetermined goal. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.

In planning, the manager assumes an information and decision-making role, gathering various relevant information on which to base decisions. When organizing, he plays a decision-making role by allocating resources to organizational units and coordinating these units.

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