Insurance policy benefits are classified on the fis balance, Ask an Expert

Finance

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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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M940863

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