Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Premium is meant to include all except Expenses the company may incur if a loss is short term Losses the policy may have to

image text in transcribed
The Premium is meant to include all except Expenses the company may incur if a loss is short term Losses the policy may have to pay for in the event of a claim Profit from the premiums the company collects Investment Results in the securities the company manages None of the above QUESTION 24 Why do Insurance companies lave Investment Operations? To stimulate the investment markets The State Law mandates it for insurance companies To increase surplus The premiums are to excessive and the overage has to be invested conservatively None of the Above QUESTION 25 Banks and Insurance Companies are similar because They both are governed and regulated by the Federal Government They both purchase reinsurance to cover excessive losses They both can suffer large losses due to inclement weather They both have to plan for long term risks and losses Click Save and Submit to save and submit. Click Save All Answers to see all MacBook Pro esc $ 1 % w # 2 & 4 5 6 7 Q W E R T Y

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality And GMP Auditing Clear And Simple

Authors: James L. Vesper

1st Edition

0367400901, 978-0367400903

More Books

Students also viewed these Accounting questions

Question

=+ (c) Show that the Bernoulli shift is mixing.

Answered: 1 week ago

Question

suggest a range of work sample exercises and design them

Answered: 1 week ago