« previous next »

Author Question: State insurance regulators require LMN Life Insurance Company to maintain a separate account. The ... (Read 128 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jul 11, 2018
State insurance regulators require LMN Life Insurance Company to maintain a separate account. The assets in the separate account would support the liabilities for which of the following products?
 
  A) term life insurance
  B) whole life insurance
  C) fixed annuity
  D) variable life insurance

Question 2

ABC Insurance Company entered into a reinsurance agreement with XYZ Reinsurance.
 
  Under the contract, XYZ Re has no liability unless ABC's loss ratio exceeds 85 percent for the year. XYZ Re agreed to pay all losses in excess of the 85 percent loss ratio. ABC Insurance Company is using reinsurance to
  A) stabilize profits.
  B) reduce the unearned premium reserve.
  C) provide large risk capacity.
  D) retire from a line or territory.


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

The life cycle of the genus Pinus The life cycle of the genus Pinus
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ... Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ...
The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case The chromosome locations for BRCA1 and BRCA2. Together, these genes account for the majority of case
Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal. Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal.
A generalized life cycle of a basidiomycete. A generalized life cycle of a basidiomycete.
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library