Exam 6C Practice Question 15
Study guide: Exam 6C
A P&C insurer reports the following for the year:
| Item | Amount |
|---|---|
| Insurance revenue | 5,000 |
| Incurred claims and other insurance service expenses | 3,400 |
| Amortization of insurance acquisition cash flows | 600 |
| Losses on onerous contracts | 100 |
| Net expenses from reinsurance contracts held | 300 |
| Insurance finance expenses from insurance contracts issued | 150 |
| General and operating expenses not directly attributable to insurance contracts | 250 |
Calculate the insurance service result.
- A) 200
- B) 350
- C) 450
- D) 600
- E) 900
Answer this question and see the worked solution
Concepts tested
- Insurance Service Result
- Insurance Revenue
- Insurance Service Expenses
- Reinsurance Contracts Held
- Insurance Finance Income or Expenses