The NAIC requires life insurers to keep two different types of reserve accounts. These reserve accounts are designed to protect insureds from poor investment results the insurer may suffer. What are these two reserves called?
A) Mandatory securities valuation reserve and supplementary securities valuation reserve
B) Mandatory securities valuation reserve and asset valuation reserve
C) Mandatory securities valuation reserve and interest maintenance reserve
D) Interest maintenance reserve and asset valuation reserve
Correct Answer:
Verified
Q27: The Merritt Committee Investigation looked into solutions
Q28: IBNR reserves are an estimate of:
A) losses
Q29: An alien insurer is:
A) one that is
Q30: NAIC stands for:
A) National Association of Investment
Q31: What is the purpose of the interest
Q33: A foreign insurer is:
A) one that is
Q34: Different prices for identical goods is one
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,
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