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Author Question: Life insurance policyholders may borrow the cash value from their life insurance policies. Where are ... (Read 95 times)

a0266361136

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on: Jul 11, 2018
Life insurance policyholders may borrow the cash value from their life insurance policies. Where are life insurance policy loans shown on a life insurance company's financial statements?
 
  A) as an asset
  B) as a liability
  C) as income
  D) as an expense

Question 2

Which of the following statements about property and casualty insurance company operating results is (are) true?
 
  I. An insurance company can have a combined ratio greater than 1 (or 100 percent) and still be required to pay income taxes.
  II. By all measures, the property and casualty insurance industry is highly profitable when compared to other industries.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


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bobsmith

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

Answer: A

Answer to Question 2

Answer: A


a0266361136

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

ghepp

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Reply 3 on: Yesterday
:D TYSM

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