The Largest Liability Category on the Balance Sheet of U

question 6

Multiple Choice

The largest liability category on the balance sheet of U.S.life insurance companies as of 2015 was

• A)net policy reserves.
• B)policy claims.
• C)premium and deposit funds.
• D)commission, taxes and expenses.
• E)capital surplus.

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Definitions:

Variation

Differences or diversities in characteristics among individuals of a population, species, or between groups.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Mean Age

An arithmetic average age of all the individuals in a given group or sample.

Range

The difference between the highest and lowest scores in a set of data, indicating the spread or variability of the dataset.