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 113 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
YES! Correct, THANKS for helping me on my review

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

These species are all at risk of extinction. Species with “slow” life-h These species are all at risk of extinction. Species with “slow” life-h
These young adults look forward to a life together as they celebrate their wedding These young adults look forward to a life together as they celebrate their wedding
Chemistry of life: four key concepts Chemistry of life: four key concepts
Primates exhibit prolonged life histories, spending more time in each stage of life than most other Primates exhibit prolonged life histories, spending more time in each stage of life than most other
palaeous life palaeous life
Life cycle of Plasmodium vivax Life cycle of Plasmodium vivax
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library