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88% Average Score

90% Same Questions
Viewing page 4 out of 9 pages
Viewing questions 31-40 out of questions
Questions # 31:

Primary coverage involves policies written between an insurer and a customer directly.

Options:

A.

True

B.

False

Questions # 32:

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

Options:

A.

Valuation data

B.

Verification note

C.

Transaction cycle

D.

Investment evaluation

Questions # 33:

Many companies have developed an asset/liability management approach that is founded on understanding product liabilities. Mortgages meet the primary objective of maintaining:

Options:

A.

A tight asset/liability match

B.

A well-diversified core of investments

C.

A tight asset/liability match with a well-diversified core of investments.

D.

Real estate lending by insurance companies

Questions # 34:

The combined ratio is the sum of it:

Options:

A.

loss ratio

B.

expense ratio

C.

dividend ratio

D.

All of the above

Questions # 35:

What represents the amounts needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before a particular date?

Options:

A.

Independent claim adjustment

B.

Payment of claims

C.

Insured claim adjustments

D.

Claim adjustment expenses

Questions # 36:

Principal objectives of state statutes are: to investigate and settle some or all of the

Options:

A.

restrict investments of insurance entities

B.

prescribe methods of admitted asset recovery

C.

acquisition of risk-based capitals

D.

Both B & C

Questions # 37:

What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?

Options:

A.

External control

B.

Minority interests

C.

Permanent stockholder

D.

None of the above

Questions # 38:

The financial statements of which accounts maintained by insurance company that must be presented separately from the insurance company’s general account business?

Options:

A.

Business

B.

Temporal

C.

Principal

D.

Segregated

Questions # 39:

What usually features a fixed premium that acts to levelize the policyholder’s outlay over the lifetime of the policy?

Options:

A.

Whole life insurance

B.

Permanent life insurance

C.

Fiscally examined insurance

D.

Life time insurance

Questions # 40:

A private agreement to buy or sell a given quantity of an asset such as a currency, interest rate or commodity at a specified future date at a specified price is called:

Options:

A.

Forward investment plan

B.

Future agreement plan

C.

Future Contract

D.

Forward Contract

Viewing page 4 out of 9 pages
Viewing questions 31-40 out of questions
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