Hk-iiqe-paper-5 Practice Questions - IIQE Paper V - Investment-linked Long Term Insurance Examination Exam

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Which of the following statements is TRUE regarding the ownership of assets in an Investment-Linked Assurance Scheme (ILAS)?

The policyholder is the legal owner of the units in the reference funds. The underlying assets are owned by the Securities and Futures Commission (SFC). The insurer owns the underlying assets, and the policyholder has a contractual claim on the policy benefits. The reference fund managers own the assets in trust for the policyholder.

Correct Answer:

The insurer owns the underlying assets, and the policyholder has a contractual claim on the policy benefits.

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