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Insurance policy benefits are classified on the FI's balance sheet as ____ A) Assets because policy benefits are valuable B) Liabilities because the


Insurance policy benefits are classified on the FI’s balance sheet as
____
A) Assets because policy benefits are valuable
B) Liabilities because the insurance company may have to pay out the benefits
C) Assets because policy benefits are fully covered by premium payments
D) Liabilities because customers may fall behind on their premium payments


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