Separate Accounts Business of a Life Insurance Company Represents

Separate accounts business of a life insurance company represents

A) policies written that cover individuals as a group.
B) liabilities owed to other life insurance companies as a result of reinsurance.
C) the cumulative cash value paid to policyholders if the policies are terminated before maturity.
D) a fund established separately from the other funds of the insurance company and invested without regard to the usual diversification restrictions.