3-63 Guaranteed investment contracts (GICs) offered by a life insurance company
A) are endowment life policies marketed to group insurance policyholders.
B) are short- and medium-term debt instruments sold to fund their pension plan business.
C) can only be purchased by a group life insurance plan.
D) earn a return based on the consumer price index (CPI) .
E) Short- and medium-term investments in venture capital firms.
Correct Answer:
Verified
Q63: 3-75 If losses on a particular line
Q64: 3-71 Property-casualty insurance involves
A)insurance coverage related to
Q65: 3-74 If losses on a particular line
Q66: 3-76 For property-casualty insurers,loss rates are more
Q67: 3-77 Higher uncertainty of losses forces property-casualty
Q69: 3-65 Which of the following did NOT
Q70: 3-68 The insurance company that was the
Q71: 3-79 Factors that affect the predictability of
Q72: 3-78 For property-casualty insurers,losses are higher for
Q73: 3-82 You start an annuity with $1million
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