Written "amounts payable" for insurance coverage are called:

Answer(s): A

Spreading the deduction for ultimate incurred losses and loss adjustment expense reserves ("LAE") over a number of years is called:

Answer(s): D

The discounted unpaid loss as of the end of any tax year is the present value of losses determined by reference to which of the following factor?

Answer(s): D

The base period is defined as:

the most recent 20-calendar-month period ending before the ending of the determination year
the most recent 45-calendar-month period ending before the beginning of the determination year
the most recent 60-calendar-month period ending before the beginning of the determination year
the most recent 65-calendar-month period ending before the ending of the determination year

Answer(s): C

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