Which of the Following Items Would Appear in the Income

question 15

Multiple Choice

Which of the following items would appear in the income section of an insurance company's income and expense statement?

• A) underwriting expense
• B) bonds
• C) loss reserves
• D) premiums

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Definitions:

Meeting Minimum Qualifications

Fulfilling the basic requirements set forth for a job or activity, often related to education, experience, or skills.

Positive Outlook

An attitude or mindset that focuses on the positive aspects of situations, expecting good outcomes.

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person.

Team Player

An individual who works well within a group, contributing to the team's goals and effectively collaborating with other members.