One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims reported and adjusted but not yet paid, claims reported and filed but not yet adjusted,
and claims incurred but not yet reported to the company. This liability is called the insurer's
A) net income.
B) loss reserves.
C) admitted assets.
D) unearned premium reserve.
Answer: B
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Reverse logistics refer to ______.
A. managing product returns B. repackaging damaged products to hide defects C. marketing of products returned once by customers D. advertising of products returned once by customers
Which of the following statements is true?
A) The overhead budget is typically composed of variable overhead and fixed overhead. B) The direct labor budget uses an average wage rate for direct labor. C) The production budget is not converted into dollars. D) The sales budget includes both units and dollars. E) All of these.
One may appropriately distribute a meeting agenda by e-mail
Indicate whether the statement is true or false
Choose the correct word or words in parentheses. (Who, Whom) do you think will get the nomination?