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Author Question: A property and liability insurance company's loss reserve and unearned premium reserve are A) ... (Read 93 times)

FButt

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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

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

Answer: B

Answer to Question 2

Answer: D


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FButt

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Reply #2 on: Jul 11, 2018
Correct answers!


Mholman93

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Reply #3 on: Jul 11, 2018
Great! Please up vote :D


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