New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    In insurance accounting, what is "policyholder

    surplus"?
    A The excess of premium received over claims paid Correct Answer Incorrect Answer
    B The excess of claims paid over premium received Correct Answer Incorrect Answer
    C The excess of assets over liabilities Correct Answer Incorrect Answer
    D The excess of liabilities over assets Correct Answer Incorrect Answer
    E The excess of reinsurance recoverable over reinsurance payable Correct Answer Incorrect Answer

    Solution

    Explanation: Policyholder surplus represents the excess of assets over liabilities.

    Practice Next

    Relevant for Exams: