One liability on a property and liability insurance company's balance sheet is for the costs associated with settling and paying reserved claims.This liability is the
A)pre-paid expense reserve.
B)loss reserve.
C)unearned premium reserve.
D)loss adjustment expense reserve.

Question

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The Answer of One liability on a property and liability insurance company's balance sheet is for the costs associated with settling and paying reserved claims.This liability is the
A)pre-paid expense reserve.
B)loss reserve.
C)unearned premium reserve.
D)loss adjustment expense reserve.

One Liability on a Property and Liability Insurance Company's Balance