Question #$46$ of $50$

Which of the following statements regarding the transfer of funds between financial instruments is TRUE?

A$)$ An exchange refers to the transfer of funds between qualified insurance or annuity contracts, only with the same insurer.

B$)$ An annuity contract used in funding an IRA does not qualify for rollover treatment.

C$)$ The shifting of nonqualified noninsurance funds from one account to another is termed an asset transfer.

D$)$ A rollover is the transfer of funds between non$-$qualified retirement accounts or plans.