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      Question

      In insurance accounting, what is "policyholder

      surplus"?
      A The excess of premium received over claims paid Correct Answer Incorrect Answer
      B The excess of claims paid over premium received Correct Answer Incorrect Answer
      C The excess of assets over liabilities Correct Answer Incorrect Answer
      D The excess of liabilities over assets Correct Answer Incorrect Answer
      E The excess of reinsurance recoverable over reinsurance payable Correct Answer Incorrect Answer

      Solution

      Explanation: Policyholder surplus represents the excess of assets over liabilities.

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