The effective date of a change in the investment policy of a separate account filed with the Director can vary based on the regulatory requirements governing domestic insurers. Here are some possible scenarios:
1. If the regulatory requirement mandates a 7-day waiting period for such changes to become effective, then the correct answer would be A. 7 days. In this case, once the change is filed with the Director, it would take 7 days for it to be implemented.
2. On the other hand, if the regulatory framework stipulates a 30-day waiting period before the change takes effect, then the correct answer would be D. 30 days. This means that after the filing with the Director, 30 days would be required for the new investment policy to come into force.
It's important to refer to the specific regulations and guidelines that apply to the domestic insurer in question to determine the exact timeframe for the new investment policy to become effective after being filed with the Director.
