In the context of insurance company accounting, the term "impairment" refers to ________.
A. An insurance company's inability to write any new business due to lack of surplus.
B. An insurance company's inability to pay claims due to solvency concerns.
C. The inability of a company's actuary to accurately determine the value of an asset.
D. An asset that is no longer expected to produce the economic benefits expected when first acquired.

Question

14-06-2024
Business

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In the context of insurance company accounting, the term "impairment" refers to ________.
A. An insurance company's inability to write any new business due to lack of surplus.
B. An insurance company's inability to pay claims due to solvency concerns.
C. The inability of a company's actuary to accurately determine the value of an asset.
D. An asset that is no longer expected to produce the economic benefits expected when first acquired.

Sagot :

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