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What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?
What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?A . External controlB . Minority interestsC . Permanent stockholderD . None of the aboveView AnswerAnswer: B
An entity’s practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity’s loss experience.
An entity’s practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity’s loss experience.A . TrueB . FalseView AnswerAnswer: A
Which of the following is the significant requirement for ongoing regulatory reporting to the Office of the Superintendent of Financial Institutions (“OSFI”)?
Which of the following is the significant requirement for ongoing regulatory reporting to the Office of the Superintendent of Financial Institutions (“OSFI”)?A . The monthly ReturnB . Capital Adequacy ReturnC . Constraints of Sound BusinessD . Static Capital Adequacy TestView AnswerAnswer: B
What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?
What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?A . Claims dataB . Insurance actC . Risk estimationD . Claim settlementView AnswerAnswer: A
When a retained asset account is established in the place of a cash settlement, an interest bearing account is created by the insurer for the beneficiary. The beneficiary receives a checkbook with which to draw upon funds in the new account.
When a retained asset account is established in the place of a cash settlement, an interest bearing account is created by the insurer for the beneficiary. The beneficiary receives a checkbook with which to draw upon funds in the new account. The account holder can make:A . Partial or total...
The method used to account for insurance and reinsurance contracts that do not transfer insurance risk is referred to as:
The method used to account for insurance and reinsurance contracts that do not transfer insurance risk is referred to as:A . Accounted revenueB . Premium deficiencyC . Retained balanceD . Deposit accountingView AnswerAnswer: D
The entity transferring the risk is called the ceding entity and the entity to which the risk is transferred is called the assuming entity.
The entity transferring the risk is called the ceding entity and the entity to which the risk is transferred is called the assuming entity.A . TrueB . FalseView AnswerAnswer: A
Insurance entities usually write covered-call options because they consider the premium received for writing the options to be either:
Insurance entities usually write covered-call options because they consider the premium received for writing the options to be either:A . an economic hedge between a decline in market price and securityB . a decrease in yield on the underlying risk securityC . Both A & BD . Neither A nor...
There are many different sources of CMBS. Conduits and aggregate pools generally consist of loans newly originated, purchased or held by investment bankers until the pool is large enough for an efficient execution. Government agencies such as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corp. (FHLMC) are important sources of:
There are many different sources of CMBS. Conduits and aggregate pools generally consist of loans newly originated, purchased or held by investment bankers until the pool is large enough for an efficient execution. Government agencies such as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corp....
What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?
What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?A . External controlB . Minority interestsC . Permanent stockholderD . None of the aboveView AnswerAnswer: B
