If the Reserve Calculations Miss the Mark, the Insurer Can

question 75

Short Answer

If the reserve calculations miss the mark, the insurer can become insolvent very quickly and lose the _____, which is its net worth.

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Definitions:

Proximity

The physical closeness or distance between objects or individuals, impacting relationships and interaction.

Companionate

Referring to affection and tenderness felt in long-term, committed relationships.

Intimacy

An emotional and psychological closeness that is based on the ability to trust, share, and care, while still maintaining a sense of self.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship.