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ABA CTFA Practice Test - Questions Answers, Page 84

List of questions

Question 831

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Which of the following is Correct?

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Question 832

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What represents the amounts needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before a particular date?

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Question 833

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The estimated liability includes the amount of money that will be used for future payments of:

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Question 834

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National Association of Insurance Commissioners stated that, ___________ has no effect on the valuation of securities for statutory accounting purposes, provided the amount of the collateral at least equals the required collateral.

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Question 835

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What represent legal agreements between buyers or sellers and represent commitments to buy or sell financial instruments at specified dates and prices?

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Question 836

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The options for securities that insurance entities own and can deliver if the options are exercised by the option buyers are called:

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Question 837

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Insurance entities usually write covered-call options because they consider the premium received for writing the options to be either:

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Question 838

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What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

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Question 839

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The evaluation and subsequent purchase or sale of investments is based on the judgment of the entity's investment and finance committees.

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Question 840

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The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date is called:

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