The NAIC Requires Life Insurers to Have Reserve Accounts That

question 31

Multiple Choice

The NAIC requires life insurers to have reserve accounts that protect insureds from the:

• A) insurer's poor underwriting decisions
• B) insurer's poor investment results
• C) catastrophic hurricane years
• D) effects of terrorism risk on the insurer's stability

---

Definitions:

American Workplace

The environment, culture, and practices of work within the United States, characterized by various employment laws, diversity, and evolving dynamics.

Ethics at Work

The moral principles and standards that govern the behavior of individuals and organizations in a professional environment.

Trusteeship Climate

A work environment where responsibilities are shared and employees feel accountable and trusted.

Ethical Climates

Ethical climates are the shared perceptions of what is ethically right or wrong and what ethical behavior is expected within an organization.