In many states, a claims-made insurance policy is required to:
Admitted assets are those specifically prescribed by the NAIC Accounting Practices and Procedures Manual or prescribed or permitted by the various jurisdictions. An admitted asset is defined as having probable future economic benefits. It also has three essential characteristics. Which one of the following is out of those characteristics?
Who is responsible for accounting for customer remittance advices and the agent’s current account?
The method which assumes that an entity’s experience in estimating case-basis reserves will be repeated in the future is called:
Primary coverage involves policies written between an insurer and a customer directly.
A change in _______ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.
The two most common types of dollar rolls are:
The two basic methods for billing premiums are:
Most life insurance companies that are taxable in Canada fall into which one of the following classifications:
What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?
