Which of the following items would appear in the income section of an insurance company's income and expense statement?
A) underwriting expense
B) bonds
C) loss reserves
D) premiums

Question

Quizplus · Accepted Answer

Premiums represent the revenue earned by an insurance company, so they would appear in the income section of the income and expense statement. Underwriting expenses and loss reserves would appear in the expense section, and bonds would not typically appear in either section as they are not directly related to the company's revenue or expenses.

Which of the Following Items Would Appear in the Income