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Author Question: Which of the following statements about methods for estimating loss reserves for property and ... (Read 11 times)

sam.t96

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  • Posts: 570
on: Jul 11, 2018
Which of the following statements about methods for estimating loss reserves for property and casualty insurers is (are) true?
 
  I. The judgment method involves the use of a statutory formula to estimate the loss reserve.
  II. The average value method is used when the number of claims is large and the claims are settled quickly.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

LMN Mutual Insurance Company has total liabilities of 300 million. The company has total assets of 380 million. What is LMN's policyholders' surplus?
 
  A) 680 million
  B) 340 million
  C) 80 million
  D) -80 million


Ksanderson1296

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


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