Of the Following Actions, Which One Is NOT Recommended by the OCC's

question 233

Multiple Choice

Of the following actions, which one is NOT recommended by the OCC's advisory letter as a necessary tool of management oversight of insurance and annuity sales?

• A) Hiring competent personnel
• B) Establishing a separate insurance agency
• C) Auditing systems and controls
• D) Requiring a member of management to actively oversee this function

---

Definitions:

Social Exchange

A theory that describes social behavior in terms of the exchange of resources, such as information, goods, or services, between individuals or groups.

Economics

A social science concerned with the production, distribution, and consumption of goods and services, studying how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their desires and needs.

Cultural Exchanges

The sharing of ideas, customs, and social behavior between different cultures, often leading to increased understanding and tolerance.

Decade of the Brain

An initiative designated by the U.S. Congress for the 1990s aimed at enhancing public awareness of the benefits of brain research.