Labels:book | poster | reckoner | sky OCR: Through the pooling of premiums in the General Account, pension plans and other purchasers fO insurance contracts are able transfer and share risk among themselves in exchange for the insurer's contractual guarantees. Because all of the surer General Arcount anets are available satisfy all +0 its obligations, the insurer 15 able underwrite policies that guarantee result acceptable to all policyholders, with no one policvholder suffering the adverse results that surely con- front some of them if all were to stand alone Consistent with the concepts of pooled assets and shared risk. there are no specific assets identitiable with referabie to any particular General Account policy t anY portion any policy, Or any specific benefits provided under policy" Instead. policyholders have contractual r ...
(.png)
