10. With regard to the investment of a fixed annuity's assets, which of the following statements...
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10. With regard to the investment of a fixed annuity's assets, which of the following statements is true? a. Premiums are invested into the insurer's separate account. b. Premiums are directed into the insurer's general account. c. Premiums are invested at the owner's option into either secure bond or fixed interest accounts. d. Premiums are directed at the owner's option into either government- issued Treasury bills or money market accounts. 10. With regard to the investment of a fixed annuity's assets, which of the following statements is true? a. Premiums are invested into the insurer's separate account. b. Premiums are directed into the insurer's general account. c. Premiums are invested at the owner's option into either secure bond or fixed interest accounts. d. Premiums are directed at the owner's option into either government- issued Treasury bills or money market accounts.
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The answer is C Premiums are invested at the owners opt... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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