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AIAF 114 - Chapter 4 Practice Exam Questions With 100% SURE ANSWERS
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JACKLINEAIAF 114 - Chapter 4 Practice Exam Questions With 100% SURE ANSWERS
Terms in this set (29)
Some premium payment plans may include Finance charges.
additional payments that exceed the amount
required if the premium was paid in full at the
policy inception. Such additional payments that
are a function of the amount of premium payment
are treated under U.S. regulatory accounting as
Under U.S. regulatory accounting, the liability for Unearned premium reserves
extended reporting endorsements covering a
definite period into the future is recorded as
AIAF 114 - Chapter 4 Practice Exam Questions
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, Retrospective premium adjustments Can continue for many years after the original policy term has expired.
Deficiency in the loss reserves Does not necessarily indicate a deficiency in the unearned premium reserve
AIAF 114 - Chapter 4 Practice Exam Questions
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