The Unearned Premium Reserve of an Insurer Is

question 47

Multiple Choice

The unearned premium reserve of an insurer is

• A)an asset representing the investments made with premium income.
• B)a liability representing the unearned portion of gross premiums on outstanding policies.
• C)a liability representing claims that have been filed,but not yet paid.
• D)the portion of the insurer's net worth belonging to policyowners.

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Definitions:

Domestic Markets

Markets within a country's borders that involve the buying and selling of goods and services among its residents.

United Nations

An international organization formed in 1945 to promote peace, security, and cooperation among the world's countries.

Global Peace

A state of harmony among countries and societies around the world, characterized by the absence of conflict and the presence of cooperative international relationships.

Diplomacy

The practice of conducting negotiations and maintaining relationships between nations through dialogue, negotiation, and conflict resolution strategies.