Which of the Following Is Considered a Nonadmitted Asset for an Insurer

question 38

Multiple Choice

Which of the following is considered a nonadmitted asset for an insurer?

• A)cash
• B)preferred stocks
• C)real estate
• D)office furniture

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Definitions:

Construction Workers

Individuals engaged in the physical labor and building of infrastructure, buildings, and other construction projects.

Price of a Resource

The amount of money required to obtain a specific resource, encompassing goods, services, or commodities.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a particular price point.

Producers

Entities or individuals that create goods or provide services for sale in the market.