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 62 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
Wow, this really help

  • Member
  • Posts:
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Sporic life cycles Sporic life cycles
Life Table Life Table
RNA polymerase subunit structures in the three domains of life RNA polymerase subunit structures in the three domains of life
Policies on fertility and population growth Policies on fertility and population growth
Life cycle of a club fungus having two mating strains of hyphae Life cycle of a club fungus having two mating strains of hyphae
Life cycle of the beef tapeworm (Taenia saginata). Life cycle of the beef tapeworm (Taenia saginata).
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library