Which of the following is considered a nonadmitted

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8) Which of the following is considered a nonadmitted asset for an insurer? A) cash B) preferred stocks C) real estate D) office furniture Answer: D Question Status: Previous Edition Chapter 8 Government Regulation of Insurance 87 9) The policyholders ʹ surplus of an insurer is defined as the difference between its Question Status: Previous Edition 10) Which of the following statements about the use of risk-based capital requirements is (are) true? I. Insurers must have a certain amount of capital depending on the riskiness of their investments and insurance operations. II. Insurers may be required to take certain actions depending on how much capital they have relative to their risk-based capital requirements. Question Status: Previous Edition 11) Which of the following statements about the regulation of insurance company investments is (are) true? I. The purpose of regulating insurance company investments is to prevent insurers from making unsound investments which could threaten their solvency. II. Life insurers can invest an unlimited amount of their assets in common stocks.
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Question Status: Previous Edition 88 Rejda · Principles of Risk Management and Insurance , Tenth Edition 12) Which of the following statements about the regulation of life insurance companies is (are) true? I. The amount a life insurance company may invest in a specific type of asset (e.g., stocks or bonds) is generally limited by law. II. The purpose of limiting the accumulation of surplus is to prevent an insurer from increasing its surplus at the expense of policyowner dividends. A) I only B) II only C) both I and II D) neither I nor II Answer: C Question Status: Previous Edition 13) Which of the following statements about state insurance guaranty funds is (are) true? I. They limit the amount that policyowners can collect if an insurer becomes insolvent. II. They are usually funded by general revenues of the states. Question Status: Previous Edition
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  • Fall '12
  • Pantel
  • insurance company, Question Status, National Association of Insurance Commissioners

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