A Reinsurance Asset Is Impaired If,and Only If There Is

question 14

True/False

A reinsurance asset is impaired if,and only if there is objective evidence,as a result of an event that occurred after initial recognition,that the cedant may not receive amounts due to it under the terms of the contract; and that event has a reliably measurable impact on the amounts that the cedant will receive from the reinsurer.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Feed Himself

The act of an individual eating or consuming food without assistance from others.

Extinction

In behavioral psychology, the process by which a previously learned response decreases in frequency or disappears when reinforcement is withheld.

Inhibition

A psychological or physiological process that decreases or suppresses certain behaviors, emotions, or actions.