The Largest Liability Category on the Balance Sheet of U

question 80

Multiple Choice

The largest liability category on the balance sheet of U.S. life insurance companies as of 2012 was

• A)net policy reserves.
• B)policy claims.
• C)premium and deposit funds.
• D)commission, taxes and expenses.
• E)capital surplus.

---

Definitions:

Tissue Cells

Cells that are organized together to perform a specific function, making up the tissue of organisms.

Expired Air

The air that is exhaled out of the lungs, typically containing lower oxygen and higher carbon dioxide levels than inhaled air.

Inspired Air

Air that is inhaled into the lungs, containing oxygen which is essential for the respiratory process in living organisms.

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration in most living organisms and required for combustion.