_______ is contractual right of recovery that entitles the insurer to any proceeds from the disposal of damaged property for which the claim has been made.
A. Claim adjustmentThe purest representation of asset/liability dynamics is instead through ____________, which measure assets and liabilities according to the cash flows they generate.
A. Significant changesClaims adjusting involve:
A. a field workIn which premium income less return premiums arising from policies issued by the entity collecting the premiums and acting as the primary insurance carrier?
A. Indirect premiumBy quantifying interest rate sensitivity, investment risk and can also indicate corrective actions.
A. Experimental measureWhich of the following is NOT the kind of public entity risk pools?
A. risk-avoiding pools______ is used when the rates for large or usual risks are established almost entirely by the skill and experience of the rate maker.
A. Expertise ratingThe maturity of which agreement is fixed by the contract and depends on the needs of the borrower and the willingness of the lender?
A. Fixed agreementWhich projection method uses paid losses plus reserves on outstanding claims?
A. Average lossesThe two basic methods for billing premiums are:
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