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This question belongs to Commerce Insurance

Insurance

?

State the correct statement

A) Market value of assets is always taken by the insurer B) In periodical valuation of assets and liabilities book value of assets is normally taken by the insurer C) Discounted present value of the assets is taken by the insurer D) Discounted future value of the assets is taken by the insurer

Answer & Solution

Correct Answer: Option B

In periodical valuation of assets and liabilities book value of assets is normally taken by the insurer.

Question posted by Examveda

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