It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

Question

Quizplus · Accepted Answer

Interest on policy and contract funds both involve interest items that affect reserves or liabilities, as described in the question.

It Refers to Items Such as Interest Paid on Proceeds