Chapter+02+Answers+to+end-of-chapter+questions

Chapter+02+Answers+to+end-of-chapter+questions - CHAPTER 2...

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CHAPTER 2 THE FINANCIAL SERVICES INDUSTRY: OTHER FINANCIAL INSTITUTIONS Chapter outline Life Insurance Organisations Size, Structure and Composition of the Industry Ordinary Business Balance Sheet and Recent Trends of Life Insurance Regulation of Life Insurance Superannuation Funds Size, Structure and Composition of the Industry Balance Sheet and Recent Trends of Superannuation Funds Regulation of Superannuation Funds General Insurance Companies Size, Structure and Composition of the Industry Reinsurance Balance Sheet and Recent Trends of General Insurance Loss Risk Expense Risk Investment Yield/Return Risk Regulation of General Insurers Managed Funds and Unit Trusts Size, Structure and Composition of the Industry Regulation of Managed Funds Money Market Corporations Size, Structure and Composition of the Industry Investing Investment Banking Market Making Trading Back Office and Service Functions Balance Sheet and Recent Trends of Money Market Corporations Regulation of Money Market Corporations Finance Companies Size, Structure and Composition of the Industry Balance Sheet and Recent Trends of Finance Companies Regulation of Finance Companies Instructor’s Resource Manual t/a Financial Institutions Management 2e by Lange, Saunders, 1
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Answers to end-of-chapter questions : QUESTIONS AND PROBLEMS 1. What are the similarities and differences between the four basic lines of life insurance products? The two lines of life insurance are ordinary business and superannuation business. Ordinary life policies are sold on an individual basis in units of $1000. Payments can be made in the form of a lump sum at the commencement of the policy or at regular periods. Both individual and group life policies are available. Group life insurance covers a large number of insured persons under a single policy. These may be an
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This note was uploaded on 08/21/2009 for the course FINS 3630 taught by Professor Yip during the Three '09 term at University of New South Wales.

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Chapter+02+Answers+to+end-of-chapter+questions - CHAPTER 2...

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