All investments with remaining maturities (or repurchase dates under repurchase agreements) of
one year or less at the time of acquisition are called:
C
What represents balances due from brokers when a security has been sold, but the proceeds have
not been received?
B
Balances due within thirty days of the settlement date are included as a receivable for securities.
B
When the insurer or the intermediary may prepare a monthly recapitulation of premium and
commission transactions between the parties, commonly called:
A
What include balances due from the insurer’s brokers (collectively referred to as agents’ balances)
for premium on policies written?
D
The asset classification of funds held by or deposited with reinsured companies occurs when:
B
Which payments reflect the amount of reinsurance recoverable from reinsurers based upon the
amounts paid by the ceding company under reinsured policies?
A
Admissibility test must be applied to determine the amount of deferred tax asset (DTAs) that can be
admitted is called:
D
Which software must be established as a non-admitted asset and written off over a period not to
exceed the lesser of the useful life of the software or five years.
C
Income earned as of the reporting date but not legally due to be paid to the reporting entity until
subsequent to the reporting date is known as:
A