Which of the Following Are Considered Expenses Arising from Insurance

question 20

Multiple Choice

Which of the following are considered expenses arising from insurance contracts?

• A) Direct claims expense.
• B) Reinsurance claims expense.
• C) Deferred Acquisition costs.
• D) All of the given answers.
• E) Direct claims expense and reinsurance claims expense.

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Definitions:

Visual Accommodation

The automatic adjustments made by the lenses of the eyes to bring objects into focus.

Classical Conditioning

An educational technique involving the repetitive pairing of two stimuli, which results in a reaction initially caused by the second stimulus, being eventually provoked by just the first stimulus.

Neonate

Newborn baby, particularly within the first 28 days of life outside the womb.

Blink

A rapid closing and opening of the eyelid, which is a reflex action protecting the eye from irritants and helping to spread tears over the surface of the eye.