The Failure of Three Large Life Insurance Companies Resulted in the NAIC's

question 31

Multiple Choice

The failure of three large life insurance companies resulted in the NAIC's development of which of the following for life insurers?

• A)interest maintenance reserves
• B)asset valuation reserves
• C)risk-based capital requirements
• D)national guaranty funds

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Definitions:

Positive Reinforcement

A technique used in behavioral psychology to increase the likelihood of a desired behavior by rewarding it.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond appropriately to each.

Stimulus Generalization

The process by which a response that has been learned to one stimulus is elicited by a different, but similar, stimulus.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of rest, without any further conditioning.