Which Account Refers to the Reserve Set-Aside That Contains the Portion

question 85

Multiple Choice

Which account refers to the reserve set-aside that contains the portion of a premium that has been paid before insurance coverage has been provided?

• A)Unearned premiums.
• B)Prepaid premiums.
• C)Premium reserves.
• D)Policy reserves.
• E)Outstanding premiums.

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Definitions:

Secular Trend

A long-term pattern or trend observed over several generations, often referring to changes in physical or social characteristics of populations.

Onset

Describes the beginning or start of something, such as a disease, a symptom, or a phase of life.

Puberty

The phase of human development during which a child's body matures into an adult body capable of sexual reproduction, marked by various physiological changes.

Gray Matter

Region of the brain composed mainly of neuronal cell bodies, involved in muscle control, sensory perception, and decision making.