The unearned premium reserve of an insurer is A) an asset representin
The unearned premium reserve of an insurer is
A) an asset representing the investments made with premium income.
B) a liability representing the unearned portion of gross premiums on outstanding policies.
C) a liability representing claims that have been filed, but not yet paid.
D) the portion of the insurer’s net worth belonging to policyowners.
ANSWER
Answer: B
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