Separate Accounts Business of a Life Insurance Company Represents

question 64

Multiple Choice

Separate accounts business of a life insurance company represents

• A)policies written that cover individuals as a group.
• B)liabilities owed to other life insurance companies as a result of reinsurance.
• C)the cumulative cash value paid to policyholders if the policies are terminated before maturity.
• D)a fund established separately from the other funds of the insurance company and invested without regard to the usual diversification restrictions.
• E)the cumulative price that the company may repurchase policies from existing customers.

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Definitions:

Diversity

The inclusion of individuals from various backgrounds, cultures, races, genders, etc., enhancing creativity and problem-solving in groups.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty.

Tolerate Ambiguity

The ability of individuals to remain comfortable and function effectively in situations that are uncertain or unclear.

Dissenting Viewpoints

Diverse or opposing perspectives typically in a debate or discussion indicating disagreement with the mainstream or common understanding.