The Policyholders' Surplus of an Insurer Is Defined as the Difference

question 10

Multiple Choice

The policyholders' surplus of an insurer is defined as the difference between its

• A)assets and its liabilities.
• B)premium income and its expenses.
• C)reserves and its liabilities.
• D)assets and its nonadmitted assets.

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Definitions:

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

International Labor Organization

A United Nations agency that sets international labor standards and promotes rights at work.

Transnational Labor Collaboration

A form of cooperation between labor unions or workers across different countries aimed at addressing and improving working conditions and labor rights on an international scale.

Unionization

The process by which workers come together to form a union in order to collectively bargain with their employer regarding wages, working conditions, and other employment matters.