The NAIC requires life insurers to keep two different types of reserve accounts. These reserve accounts are designed to protect insureds from poor investment results the insurer may suffer. What are these two reserves called?
A) Mandatory securities valuation reserve and supplementary securities valuation reserve
B) Mandatory securities valuation reserve and asset valuation reserve
C) Mandatory securities valuation reserve and interest maintenance reserve
D) Interest maintenance reserve and asset valuation reserve
D
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If an offeree dispatches both an acceptance and a rejection to an offer, ________.
A. both the acceptance and the rejection are not effective and another response must be issued B. whichever response reaches the offeror first will determine whether a contract is created C. the acceptance is effective as soon as it is dispatched and a contract is created D. the rejection is effective as soon as it is dispatched and no contract can be created
Which concept below is a process of periodically moving employees from one job to another?
A. job purpose B. job enrichment C. job enlargement D. job rotation
Natural resources are classified as intangible assets on the balance sheet
Indicate whether the statement is true or false
The simple rule for inventory turnover is that a low ratio is preferable.
Answer the following statement true (T) or false (F)