« previous next »

Author Question: State insurance regulators require LMN Life Insurance Company to maintain a separate account. The ... (Read 106 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jul 11, 2018
State insurance regulators require LMN Life Insurance Company to maintain a separate account. The assets in the separate account would support the liabilities for which of the following products?
 
  A) term life insurance
  B) whole life insurance
  C) fixed annuity
  D) variable life insurance

Question 2

ABC Insurance Company entered into a reinsurance agreement with XYZ Reinsurance.
 
  Under the contract, XYZ Re has no liability unless ABC's loss ratio exceeds 85 percent for the year. XYZ Re agreed to pay all losses in excess of the 85 percent loss ratio. ABC Insurance Company is using reinsurance to
  A) stabilize profits.
  B) reduce the unearned premium reserve.
  C) provide large risk capacity.
  D) retire from a line or territory.


choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

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
European wildcat feeding its kittens, as illustrated in Brehm's Life of Animals European wildcat feeding its kittens, as illustrated in Brehm's Life of Animals
Many European Americans are involved in ethnic work, attempting to maintain an identity more precise ... Many European Americans are involved in ethnic work, attempting to maintain an identity more precise ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Life cycle of bacteriophage T4 Life cycle of bacteriophage T4
Life cycle of a fern Life cycle of a fern
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library