___________ is an amount of money, loaned at interest for a specified term, secured by real estate and by its improvements such as buildings and infrastructure. This form of instrument itself varies by jurisdiction, but the debt is always evidenced by an accompanying promissory note.

A. Mortgage Loan

B. Real estate lending

C. Conventional Commercial Loans

D. CMBS

The name of each Subsidiary, Controlled and Affiliated (SCA) entity and percentage of ownership of common stock must be put to disclosure when:

A. For all investments in SCA entities that exceed 20 percent of the total admitted expenses of the insurer.

B. For all investments in SCA entities that exceed 15 percent of the total admitted liabilities of the insurer.

C. For half of the investments in SCA entities that exceed 6 percent of the total admitted assets of the insurer.

D. For all investments in SCA entities that exceed 10 percent of the total admitted assets of the insurer.

What features a reserve that accumulates at company declared credited interest rates, which are periodically reset?

A. Credited life insurance

B. Periodic life insurance

C. Premium life insurance

D. Universal life insurance

From what the most direct value-based requirements arise which are present in account value accumulation products?

A. profit margins

B. policy holding rates

C. implicit interest rates

D. withdrawal provisions

What of a life insurer's is determined by applying factors for risk components to specific on and off-balance sheet assets or liabilities and by adding the results?

A. The annual Return

B. Business policy

C. Provincial act

D. Capital requirement

Risk retention group is:

A. A public entity formed by the members of the public pool primarily to provide business risk competency to the members.

B. A business entity formed by the members of the private pool primarily to provide commercial asset insurance to the members.

C. An insurance entity formed by the members of the private pool primarily to provide commercial liability insurance to the members.

D. An insurance entity formed by the members of the public pool primarily to provide commercial expense insurance to the members.

The auditor responds to risks of material misstatements due to fraud in which of the following ways?

A. a response that has an overall effect on how the audit is conducted

B. a response to identified risks involving the nature, timing and extent of auditing procedures to be performed

C. a response involving the performance of certain procedures to further address the risk of material misstatement due to fraud involving management override of controls.

D. All of the above

Insurance policies may be classified in which of the following categories?

A. By policy planning

B. By type of risks coverage

C. By kind of insurance underwritten

D. All of the above

Subrogation is:

A. legal right of the distributer to recover from vendors who may be wholly responsible for the loss paid under the terms of the agreement.

B. legal right of the insurer to recover from a third party who may be wholly or partly responsible for the loss paid under the terms of the policy.

C. legal right of the claimer to recover from the organization that may be wholly or partly responsible for the loss paid under the terms of the company's policy.

D. legal right of the business to recover from a third party who may be wholly responsible for the loss paid under the terms of the policy.

The date on which the contract becomes effective is known as _.

A. policy date

B. report date

C. reinsurance date

D. record date