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Today General Knowledge(GK)
The surplus in an insurance company is a function of
A)
How liability is valued
B)
How Assets & Liabilities are valued
C)
How Asset is valued
D)
None of the above

Correct Answer : Option (B) - How Assets & Liabilities are valued



The surplus in an insurance company is a function of how Assets & Liabilities are valued. Surplus is also known as net worth or the difference between the market value of assets and the present value of the liabilities and their relationship

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