SunAmerica's Mutual Fund Insurance Supported By Intranet Software Program
MANAGEMENT & INFRASTRUCTURE
NEW YORK--When SunAmerica Asset Management introduced an asset protection plan for its mutual fund shareholders last month, the product was accompanied by a client/server software program written in dynamic hypertext markup language that calculates customer premiums and routes monthly reports to state insurance regulators.
The asset protection plan is essentially an insurance policy accompanying a mutual fund investment. Its basic terms are that should a shareholder die, her or his survivors will
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