Which of the Following Is Considered a Nonadmitted Asset for an Insurer

question 38

Multiple Choice

Which of the following is considered a nonadmitted asset for an insurer?

• A)cash
• B)preferred stocks
• C)real estate
• D)office furniture

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Definitions:

Economic Recovery

The process by which a nation's economy rebounds from a period of recession or economic downturn, characterized by a rise in employment, consumer spending, and growth in GDP.

Financial Burdens

The strain or stress placed on an individual's or entity's finances due to debts, obligations, or other financial commitments.

Downsizing

The reduction of an organization's workforce to improve its efficiency or reduce costs.

Workforce Reduction Programs

Initiatives taken by organizations to decrease the number of employees through methods such as layoffs, buyouts, or retirements to reduce costs and improve efficiency.