3-72 as of Year-End 2009,asset of Property-Casualty Insurers Totaled Approximately

question 76

Multiple Choice

3-72 As of year-end 2009,asset of property-casualty insurers totaled approximately ________,which was ______ of the assets of the life insurance industry.

• A)$ 900 billion; 20 percent
• B)$ 1,500 billion; 33 percent
• C) $ 4,250 billion; 90 percent
• D)$ 5,750 billion; 105 percent
• E)$ 7,700 billion; 120 percent

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Definitions:

Export Development Canada

A Canadian government agency that provides insurance and financial services, among others, to help Canadian exporters and investors expand their international business.

EDC

Often refers to Economic Development Corporations, which are organizations focused on promoting economic growth within a specific geographic area.

Swaps

Financial derivatives where two parties exchange financial instruments or cash flows.

Gilts

Government bonds issued by the United Kingdom, considered low-risk investments since they are backed by the British government.