3-24 Because of the Large Amounts of Policy Reserves That

question 54

True/False

3-24 Because of the large amounts of policy reserves that life insurance companies carry as liabilities,they are rarely surprised by unexpected fluctuations in expected future payouts.

---

Definitions:

Groupthink

A psychological phenomenon in which the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Making Right Decision

The act of choosing the most ethical, effective, or appropriate option from a set of alternatives.

Social Networking Site

An online platform that allows users to create a public profile and interact with other users on the website.

Teleconferences

A meeting conducted over the telephone or through a digital platform allowing multiple participants to discuss and collaborate remotely.