Janie Long Has Checking and Savings Accounts in a Federally

question 145

Multiple Choice

Janie Long has checking and savings accounts in a federally insured financial institution.The maximum amount of her insurance coverage is

• A)$50,000 per account.
• B)$250,000.
• C)$100,000 per account.
• D)$200,000.
• E)$200,000 per account.

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Definitions:

Malpractice Suits

Legal actions filed against healthcare professionals or institutions for negligence or failure to provide an adequate level of care, resulting in harm to a patient.

Health Care

A broad sector involving the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people, delivered by health professionals and allied health fields.

Commercial Insurers

Private entities that provide a range of health insurance plans and policies to individuals and businesses, operating for profit.

Actuarial

Pertaining to actuaries or the statistical and mathematical methods they use to calculate risk, especially in the insurance and finance industries.