A Company’s investments are admitted assets properly valued which support the reserves and liabilities, including required capital and surplus. Many jurisdictions permit companies to make some investments that do not meet all of the strict regulatory requirements. These additional investments are often referred to as basket assets. Which of the following is/are true for Basket assets?
What may leave more risk than a company should prudently assume due to the risk exacerbating features of a particular product?
The arrangements by which pools manage separate accounts for each pool member from which the losses of that member are paid is called:
Inflation in Defense & Cost Containment (DCC) is evaluated separately and is estimated to occur at the same rate as the rate of inflation in the losses.
When premium income less return premiums arising from policies issued or other contracts entered into reinsure other insurance entities that provide the related primary coverage are called:
What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?
Fair quoted techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs.
_______ include financial statements and notes, both on a consolidated and non consolidated basis.
What is characterized by liabilities “shorter” than assets, which can lead to the liquidation of assets at depressed values in times of higher than expected interest rates?
TESTED 22 Feb 2025
