n NISM Certifications
NSM General NISM
Medium

In life insurance, what is surplus?

Practice question from IC 38 Mock Test 16 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The excess of value of liabilities over value of assets

  2. The excess of value of assets over value of liabilities

    Correct answer

  3. C

    The total income generated by the insurance company

  4. D

    The total expenses incurred by the insurance company

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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