Returns on an Insurer's Asset Portfolio and New Premium Income

question 37

True/False

Returns on an insurer's asset portfolio and new premium income flows act as a backup to unexpected policy losses.

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Definitions:

Culture of Poverty

A theory suggesting that poverty creates a distinct set of values, behaviors, and attitudes that perpetuate conditions of economic disadvantage.

Accounts Receivable Subsidiary Ledger

A book or file that contains the individual records, in alphabetical order, of amounts owed by various credit customers.

Accounts Payable Journal

A ledger that records all short-term obligations or debts a company owes to suppliers and creditors.

Sales Journal

A specialized journal used to record all of a company's sales on credit.