The Pro Rata Portion of Premiums Written Allocable to Unexpired

question 280

Multiple Choice

The pro rata portion of premiums written allocable to unexpired policy periods represents unearned premiums, which are reflected as ___________ in the balance sheet.

• A) Liabilities
• B) Expenses
• C) Revenues
• D) None of the above

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Definitions:

Competence

The ability to do something successfully or efficiently, typically gained through experience or training.

Autonomy

The capacity to make an informed, uncoerced decision independently.

Hierarchy of Needs

A theory proposed by Abraham Maslow suggesting that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, which must be fulfilled in sequence.

Committed Relationship

A long-term, dedicated partnership between individuals, which can be romantic or platonic, characterized by mutual respect, love, and shared goals.