For an Insurance Company, the Asset-Liabilities Matching Ensures

question 67

Multiple Choice

For an insurance company, the asset-liabilities matching ensures:

• A)that insurance policies are not issued at high risk areas.
• B)risk minimization so that minimum claims are filed.
• C)liquidity so that when claims come due the firm has available cash to pay for losses.
• D)transparency among the insurers and the policyholders.
• E)that individuals and groups that do not have to ability to pay premiums are not insured.

Determine the conditions under which an investor should continue to recognize their share of an investee's losses.

Understand the criteria for classifying an entity as a subsidiary and the implications for reporting.

Apply appropriate accounting treatments for different types of investments according to IFRS and ASPE.

Recognize and account for the intricacies of joint arrangements and structured entities under IFRS.

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Definitions:

Life Stage

A period in an individual's life characterized by specific developmental tasks, roles, or expectations, such as childhood, adolescence, adulthood, and old age.

Socialization Perspectives

Theories and viewpoints on how individuals learn to become functioning members of society through internalizing norms, values, and roles.

Outcome

The result or effect of an action, decision, or situation.

Ability to Walk

The physical capability and motor function required for an individual to move about on foot, often considered a basic motor skill.