_________________ is a special variation on a second mortgage. In this form, the new lender assumes the original or first mortgage and has the responsibility of collecting all payments and remitting a portion of these payments to the first lender.
Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?
The difference between the carrying value of the parent’s investment in subsidiary and the amount received is treated as a gain or loss in the:
What funnels premium dollars into separate accounts which means segregated pools of bonds or stocks?
What is applied to the sale of all or a block of an entity’s insurance in force of another entity?
The potential for loss resulting from changes in market interest rates are known as:
What technique uses a risk-adjusted discount rate and contractual, promised, or most likely cash flows?
The magnitude of the variable annuity benefits provided by a deferred annuity depends on the size of the account value at the end of the accumulation phase.
The return on an instrument over a period of time is a combination of the cash flow it generates and the change in its value.
The operating ratio is the combined ratio less than the ratio of investment income, to earned premiums.
