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AzJose AzJose
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6 years ago
A legal reserve in life insurance is a result of
A) premium taxes payable by life insurance companies being postponed during the early policy years.
B) dividends being paid to policyholders.
C) inadequate premiums in the early policy years being subsidized by investment earnings.
D) excess premiums in the early policy years being invested at compound interest.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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6 years ago
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AzJose Author
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#2
5 years ago
Correct and thanks!
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