Purchase Solution

Asset holdings of property and liability insurance companies

Not what you're looking for?

Ask Custom Question

What are the major classes of asset holdings on a property and liability insurance company balance sheet? How do the asset holdings of property and liability insurance companies differ from the holdings of life and health insurance companies?

Purchase this Solution
Solution Summary

This posting explains how the asset holdings of property and liability insurance companies differ from the holdings of life and health insurance companies.

Solution Preview

P/L companies do not have a "savings" or "accumulation" portion of their premiums, so they are usually smaller than LICs. They have ...

Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

View More Free Quizzes
Related BrainMass Solutions

  • Cash Basis Versus Accrual Basis

    Transaction 24 would be cash (debit) an asset and accounts Receivable (credit) also an asset. Transaction 26 would be Cash an asset (credit) and Accounts Payable a liability (debit).

  • Amortization Schedule and Journal Entries for Lessee - Laura Leasing Company

    Plote Company assumes direct responsibility for all executory costs, which include the following annual amounts: (1) $900 to Rocky Mountain Insurance Company for insurance and (2) $1,600 to Laclede County for property taxes. 5.

  • Effect on Accounting Equation

    Cash Paid employees for salaries and wages Profit & Loss - expense Cash collected from sales customers Current Asset Bonds payable Long Term Liability Cash Current Asset Common Stock Stockholders Equity Equipment Property,

  • Adjusting entries and classification of accounts

    Equipment Property, Plant and Equipment Prepaid Insurance Current Asset Inventory Current Assets Prepaid rent Current Asset Retained earnings Stockholders Equity Salaries and wages expense Income Statement -

  • Tax Havens & Tax Planning

    Google Netherlands Holdings, which has no employees, remits 99.8 percent of royalty payments it receives to Google Ireland Holdings, eliminating most of its tax liability to Netherlands.

  • Insurance coverage for Bob Brown

    total amount of liability protection for bodily harm and property damage Cost of Medical Check up for Ruth: This would be find in the Medical payments/coverage section.

  • Litigation, Bill of Rights, Insurance and Liability

    Insurance companies, which offer business insurance, sell policies that combine property and liability risk protection in one policy. Separate coverage also is available if that better fits your needs.

  • business multiple choice: current liabilities

    the amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability incurred. D.

  • Adjustments and Balance Sheet Classification

    - Balance Sheet - Long Term Liability Cash 150,000 - Balance Sheet - Current Asset Common stock 60,000 - Balance Sheet - Stockholders Equity Equipment 840,000 - Balance Sheet - Property, Plant and Equipment Prepaid insurance 30,000

View More Related Solutions