The Risk-Based Capital Requirements for Life Insurers Are Based on a Formula

question 34

Multiple Choice

The risk-based capital requirements for life insurers are based on a formula that considers four types of risk.One risk reflects a range of uncertainties that life insurers face including such things as bad management decisions and guaranty fund assessments.This risk is called

• A)asset risk.
• B)insurance risk.
• C)interest rate risk.
• D)business risk.

Recognize the elements of the marketing mix and their influence on marketing strategy.

Grasp the significance of branding and product identification in marketing.

Understand the concept and examples of branded and unbranded products.

Comprehend the stages of the product life cycle and strategies applicable at each stage.

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Definitions:

Organizational Meeting

The initial meeting held by the founders or directors of an organization, corporation, or other entity to establish its structure and operations.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and savings associations up to a certain limit.

Public Corporation

A corporation that is created by government to help administer law.

Retained Earnings

Profits that a corporation keeps.