Author Question: A property and liability insurance company's loss reserve and unearned premium reserve are A) ... (Read 67 times)

FButt

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A property and liability insurance company's loss reserve and unearned premium reserve are
 
  A) assets.
  B) liabilities.
  C) income.
  D) expenses.

Question 2

One liability on a property and liability insurance company's balance sheet is for the costs associated with settling and paying reserved claims. This liability is the
 
  A) pre-paid expense reserve.
  B) loss reserve.
  C) unearned premium reserve.
  D) loss adjustment expense reserve.



Mholman93

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Answer to Question 1

Answer: B

Answer to Question 2

Answer: D



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Mholman93

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