Effective as licenses renew 4/1/10 to present. Requirement replaced effective 3/1/12. **Effective 3/1/12 this. one-time training will apply to residents and non-residents. New regulation will match the NAIC annuity suitability model and. will include reciprocity for training taken for another state.
A primary economic activity involves sourcing or extracting natural resources from the land or bodies of water. Natural resources are those that occur naturally and are not... A primary economic activity involves sourcing or extracting natural resources from the land or bodies of water. Natural resources are those that occur naturally and are not manmade. Economic activity produces consumer goods or provides services. 1  Examples of primary economic activities include these examples: 2  Commercial fishing. 3  Farming - growing crops (arable farming) or animal husbandry (pastoral farming) 4  Quarrying - extracting sand or gravel. 5  Mining of minerals, oil and gas extraction, and production.
Trade or Business. A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. The facts and circumstances of each case determine whether or not an activity is a trade or business. The regularity of activities and transactions and the production of income are important elements. You do not need to actually make a profit to be in a trade or business as long as you have a profit motive. You do need, however, to make ongoing efforts to further the interests of your business.