Reserving liabilities involves the calculation of the amount that the insurer needs to set aside to pay future claims.It's equivalent to the _____ of a nonfinancial firm.
A)equity
B)assets
C)reserves
D)debt
E)market value

Question

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The Answer of Reserving liabilities involves the calculation of the amount that the insurer needs to set aside to pay future claims.It's equivalent to the _____ of a nonfinancial firm.
A)equity
B)assets
C)reserves
D)debt
E)market value

Reserving Liabilities Involves the Calculation of the Amount That the Insurer