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VCE
Savvy sales agents, acting in the interests of their clients, instigate surrenders of the original policies and placement with the new insurers, this phenomenon is known as:
A. Opportunistic act
B. Contractual minimums
C. Mortgage backed securities
D. Disintermediation.
Financial statements of a self-sustaining foreign operation are translated using the current rate method whereby assets and liabilities are translated in the reporting currency using the exchange rate.
A. True
B. False
In which premium income less return premiums arising from policies issued by the entity collecting the premiums and acting as the primary insurance carrier?
A. Indirect premium
B. Direct premium
C. Reinsurance premium
D. Entity premium