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Are Retained Asset Accounts At Insurance Companies FDIC Insured?

August 11, 2010 By Bill Zielinski Leave a Comment

August 12, 2010 – The FDIC warned the insurance industry to properly disclose to consumers that Retained Asset Accounts (RAAs) are generally not insured by the FDIC Deposit Insurance Fund.   Reacting to reports in the media that many customers believe that RAAs are FDIC insured, the FDIC sent a letter to the National Association of […]

Filed Under: Banking News, FDIC, FDIC insurance, featured Tagged With: are insurance accounts FDIC insured?, retained asset accounts draw ire of FDIC

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