The net premiums collected by a life insurer for a particular block of policies, plus interest income at an assumed rate, less assumed death benefits paid is called the
A) cash value.
B) retrospective reserve.
C) net amount at risk.
D) prospective reserve.
Answer: B
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What will be an ideal response?
The use of force to drive away a person's customers or employees constitutes the tort of disparagement.
Answer the following statement true (T) or false (F)
Which of the following statements is true of an insurable interest in goods?
A. Sellers have an insurable interest in goods at the moment the goods are identified to the contract. B. Sellers have an insurable interest in their goods as long as they have title to the goods or a security interest in them. C. Buyers have an insurable interest in goods at the moment they pay for the goods. D. Buyers have an insurable interest in goods at the moment they get the title to the goods.
Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget?
A. The Manufacturing Overhead Budget is prepared after the Sales Budget. B. The Manufacturing Overhead Budget shows the expected cash disbursements for manufacturing overhead. C. The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead. D. The Manufacturing Overhead Budget provides a schedule of all costs of production other than direct materials and labor costs.