Economics · Principles of Insurance
The premiums collected from policyholders are held in trust by an insurance company to pay future claims. This accumulated fund is technically referred to as a _________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Back-up Fund
- 2Trust Fund
- 3Reserve✓
- 4Superannuation Fund
Correct answer
Reserve
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