Final answer:
Variable insurance and variable annuities are regulated by the SEC, FINRA, and Departments of Insurance to ensure market integrity and safeguard consumers.
Explanation:
Variable insurance and variable annuities are regulated by the SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority), and Departments of Insurance. These regulatory bodies oversee the market operations, compliance, and product offerings in the insurance and annuities sectors to protect investors and policyholders.
Learn more about Government Regulation of Variable Insurance here:
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