An Unearned Premium Liability Is

question 9

Multiple Choice

An unearned premium liability is:

• A) A premium that has been recognised previously in the income statement but not yet claimed against.
• B) To meet costs, including the claims handling costs.
• C) Required to be recognised in the balance sheet.
• D) To meet costs, including the claims handling costs and required to be recognised in the balance sheet.
• E) None of the given answers.

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Definitions:

Increasing Prevention

A strategy or approach to enhance measures that avert the onset or progression of diseases and health issues.

Primary Care

Basic or general health care provided, typically focusing on prevention, diagnosis, and treatment of common illnesses and conditions.

Early Detection

The process of identifying disease or conditions before the onset of symptoms, allowing for more effective management and treatment.

Routine Care

Regular, standardized medical or healthcare practices aimed at maintaining or improving health, rather than treating illness.