that is incorrect.
The correct answer is "True." Under the new insurance rules
that went into effect April 1, 1999, each person's shares in all joint accounts at an
institution are covered to $100,000 in total. This couple's joint accounts therefore would
be insured up to $200,000 (assuming they have no other joint accounts at the same
institution). This is simpler and more straightforward than the "old" rules,
which many consumers misunderstood.