In a given year, would you expect the initial reserve, the mean reserve, or the terminal reserve

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In a given year, would you expect the initial reserve, the mean reserve, or the terminal reserve of a particular policy to be highest? In your answer, distinguish among the three measures. Which is most significant for regulatory purposes?

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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