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medulla medulla
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7 years ago
Insurance regulations require legal reserves and surplus because:
A) assets have to equal liabilities plus owners' equity
B) reserves are long-term obligations and must be met with long-term assets
C) they provide a cushion against bad underwriting and investment results
D) insurers must pre-fund all agent's commissions and underwriting expenses
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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nationalnational
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#1
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7 years ago
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medulla Author
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7 years ago
Helped a lot
ethom947
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Yesterday
Good timing, thanks!
gmiannotti
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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