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Final answer:
Variable life insurance is regulated by entities such as the Department of Insurance and/or Financial Services, SEC, and FINRA, but not by the U.S. Department of Treasury.
Explanation:
Variable life insurance is primarily regulated by entities such as the Department of Insurance and/or Financial Services, the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). However, it is not regulated by the U.S. Department of Treasury.
Learn more about Insurance regulation here:
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