The duty of trust that an agent owes to protect the interests of the principal is referred to as the:

What is the purpose of the interest maintenance reserve?

A) To absorb losses arising from sales of assets for less than their cost (capital losses) B) To absorb losses arising from the insolvency of debtors (credit losses) C) To absorb losses caused by changes (increases) in interest rates on government securities D) To absorb losses caused by guaranty fund assessments made against insurer assets

What are the specific steps the firm intends to take to achieve the desired objectives?

A) Objectives B) Actions C) Resources D) Implementation