A Reinsurance Asset Is Impaired If,and Only If There Is

question 14

True/False

A reinsurance asset is impaired if,and only if there is objective evidence,as a result of an event that occurred after initial recognition,that the cedant may not receive amounts due to it under the terms of the contract; and that event has a reliably measurable impact on the amounts that the cedant will receive from the reinsurer.

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Definitions:

Articular Cartilage

The smooth, white tissue that covers the ends of bones where they come together to form joints.

Sarcoplasmic Reticulum

A specialized form of endoplasmic reticulum found in muscle cells, involved in calcium storage and release for muscle contraction.

Skeletal Muscle Fibers

Long, cylindrical cells that make up skeletal muscle, capable of contracting to facilitate body movement.

Calcium Contraction

The process where calcium ions play a critical role in the contraction of muscle fibers, by binding to regulatory sites on the muscle filaments, making them active for contraction.