A life insurer's policy reserve equals the difference between the mathematical liability of a future death claim and the value of:
A) future premiums the insured will have to refund to its policyholders
B) future premiums the insured will pay the insurer
C) future investment earnings on premiums the insured will pay the insurer
D) all present death claims
Correct Answer:
Verified
Q35: A domestic insurer is:
A) one that is
Q36: "Prior-approval" price regulation is known as "use-and-file"
Q37: Under the provisions of the Gramm-Leach-Bliley Act,
Q38: In the Paul v. Virginia decision, the
Q39: The NAIC requires life insurers to have
Q41: Risk-based capital requirements take into account differences
Q42: A legal reserve is a cash asset
Q43: Life insurance companies have a debtor/creditor relationship
Q44: Congress passed McCarran-Ferguson Act as a response
Q45: The Gramm-Leach-Bliley Act took effect on January
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents