Liability Items on an Insurer's Balance Sheet That Reflect Obligations

question 41

Multiple Choice

Liability items on an insurer's balance sheet that reflect obligations that must be met in the future are called

• A)pre-paid expenses.
• B)reserves.
• C)surplus.
• D)nonadmitted assets.

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Definitions:

Inflammation

A biological response to stimuli indicating irritation or injury, marked by redness, heat, pain, and swelling.

Lateral Displacement

The movement of a body part sideward from its normal position.

Systemic Hypertension

A chronic medical condition in which the blood pressure in the arteries is elevating higher than normal levels, affecting the entire body.

Volume Overload

A clinical condition where there is an excessive accumulation of fluid in the body, leading to swelling and increased blood volume.