Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A)Policy liabilities are a liability item for insurers that reflects their worst-case payment commitments on existing policy contracts.
• B)Policy liabilities are an asset item for insurers that reflects their best-case payment inflows on existing policy contracts.
• C)Policy liabilities are an asset item for insurers that reflects their expected payment inflows on existing policy contracts.
• D)Policy liabilities are a liability item for insurers that reflects their expected payment commitments on existing policy contracts.

---

Definitions:

Ethnography

A qualitative research method focused on the systematic study of people and cultures from the insider perspective.

Phenomenological Approach

A method in social science that focuses on the subjective experience of individuals, emphasizing personal perception and meaning as the primary source of knowledge.

Subjective Aspects

Elements or perspectives that differ according to individual feelings, tastes, or opinions.

Primary Deviance

The initial act of rule breaking or deviant behavior before being labeled as deviant by society.