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Today General Knowledge(GK)
In traditional cash value policies, the policy reserve form part of a _________
A)
General investment account
B)
Special investment account
C)
Both (a) and (b)
D)
None of the above

Correct Answer : Option (A) - General investment account



In traditional cash value policies, the policy reserve form part of a General investment account. When an insurance company underwrites a new policy, it is paid a premium by the policyholder. These premiums are deposited into the insurer's general account.

Published On : June 1, 2021
Category : Insurance and Finance
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