The risk-based capital requirements for life insurers are based on a f

The risk-based capital requirements for life insurers are based on a formula that considers four types of risk.

One risk reflects a range of uncertainties that life insurers face including such things as bad management decisions and guaranty fund assessments. This risk is called
A) asset risk.
B) insurance risk.
C) interest rate risk.
D) business risk.

ANSWER

Answer: D