This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Life insurance policyholders may borrow the cash value from their life insurance policies. Where are ... (Read 77 times)

a0266361136

  • Hero Member
  • *****
  • Posts: 538
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A


a0266361136

  • Member
  • Posts: 538
Reply 2 on: Jul 11, 2018
Excellent

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Testing the reducing atmosphere hypothesis for the origin of life - the Miller and Urey experiment. Testing the reducing atmosphere hypothesis for the origin of life - the Miller and Urey experiment.
Ernesto Neto, TorusMacroCopula, one of four sculptures in Madness is Part of Life. Ernesto Neto, TorusMacroCopula, one of four sculptures in Madness is Part of Life.
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Next Series: Digital Life Next Series: Digital Life
Half-life Formula Half-life Formula
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library