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Are beneficiaries under trust account arrangements insured separately? |
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The interests held by beneficiaries established under an irrevocable express trust account are insured separately up to the maximum BBD$25,000 prescribed limit. Additionally, interests in accounts held by the Settlor, Trustee or Administrator of an irrevocable trust account are insured separately from the interests of the beneficiaries named under an irrevocable express trust account. |