Which of the following are considered expenses arising from insurance contracts?

Name: Which of the following are considered expenses arising from insurance contracts?
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Question

Quizplus · Accepted Answer

Direct claims expense and reinsurance claims expense are both considered expenses arising from insurance contracts, as they represent the costs incurred by the insurer in settling claims. Deferred acquisition costs, however, are not considered an expense but rather an asset that represents the costs of acquiring new insurance contracts.

Which of the Following Are Considered Expenses Arising from Insurance