« previous next »

Author Question: A property and liability insurance company's loss reserve and unearned premium reserve are A) ... (Read 34 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jul 11, 2018
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

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

FButt

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jul 11, 2018
Correct answers!


Mholman93

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jul 11, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Mass Loss by a Supermassive Star Mass Loss by a Supermassive Star
Oil sands reserve in the world Oil sands reserve in the world
Adding Volume to Your Meals Aids Weight Loss Adding Volume to Your Meals Aids Weight Loss
Loud Music and Hearing Loss Loud Music and Hearing Loss
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library