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AFE · Question #188

Assets that do not otherwise meet regulatory requirements, If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose of doing so can make a limited amount of…

The correct answer is B. Basket clause. See the full explanation below for the reasoning.

Question

Assets that do not otherwise meet regulatory requirements, If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose of doing so can make a limited amount of mortgage loans that do not meet regulatory requirements without a reduction in surplus. However, some jurisdictions do exercise some extraterritorial jurisdiction related to it.

Options

  • ALoan application
  • BBasket clause
  • CUnderwriting agreement
  • DNone of these

How the community answered

(45 responses)
  • A
    2% (1)
  • B
    84% (38)
  • C
    9% (4)
  • D
    4% (2)

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