Sure Pass Exam AFE PDF

A mismatch in the timing of asset maturities relative to policy benefits requiring either reinvestment or disinvestment by the insurer at uncertain future interest rates is known as:

________________ is an agreement between two counterparties to enter into a particular transaction at a specified date in the future at an agreed-upon price.

Insurers issuing participating policies sometimes incur dividends which have been earned but which have not been disbursed or otherwise credited as of the financial statement date. Such dividends represent a due and unpaid liability amount. Reasons why dividends may be due and unpaid include all of the following EXCEPT:

Reporting investments, set requirements regarding matters such as location of asset and set limitations on investing in future are all prescribed by a method called: