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A legal reserve in life insurance is a result of A ) inadequate premiums in the early policy years being subsidized by investment earnings. B
A legal reserve in life insurance is a result of
A inadequate premiums in the early policy years being subsidized by investment earnings.
B excess premiums in the early policy years being invested at compound interest.
C dividends being paid to policyholders.
D premium taxes payable by life insurance companies being postponed during the early policy years.
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