Contingent claims are assets and liabilities that will come into existence at a future time often at the insistence of a customer or second party.

IBNR reserves are an estimate of:

A) losses that have been incurred but not reported to the insurer B) losses that have been incurred and reported to the insurer, but not yet settled C) unearned premiums the insurer owes policyholders D) agent commissions owed

Raster graphics involves the use ofbinary codes to represent

object type, size, and orientation. Indicate whether the statement is true or false