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nadezda [96]
3 years ago
7

An insurance company forwards fixed annuity premiums to their general account, where the money is invested. The guaranteed minim

um interest is set at 3%. During an economic downswing, the investments only drew 2.5%. What interest rate will the insurer pay to its policyholders?
a. 3% regardless of what the investment draws since that's the guaranteed rate
b. 2.5%
c. 3%
d. 3% this payment. The over payment this time will be subtracted from the next time the rate exceeds the 3%
Business
1 answer:
tatyana61 [14]3 years ago
3 0

Answer: c. 3%

Explanation:

The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.

They must therefore still pay their policy holders the minimum return guaranteed which is 3%.

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<h3>What is a contingency approach?</h3>

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1 year ago
Antique Brass Company has budgeted sales volume of 127 comma 000 units and budgeted production of 110 comma 000 ​units, while 30
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Answer:

13,000 units

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3 years ago
Should the United States acced to the United Nations Law of the Seas without reservations?
grin007 [14]

I think that the answer to this question should be based upon your opinion sorry if you were expecting the actual answer


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